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Reasons Why HODLing Cardano (ADA) Is A Good Idea

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Cardano (ADA)
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2018 is nearly over, and the crypto market situation is only slightly better these days than it was in the previous months. Most cryptos are seeing their lowest points in the last year, or even longer. With a situation like that, it is of a small surprise that a lot of investors are having an inner debate about whether or not to cut their losses and abandon the space.

While a lot of smaller cryptocurrencies might suffer irreparable damage due to these conditions, some of the bigger hits like Cardano (ADA) are still worth holding onto. Let’s see why Cardano, in particular, is a cryptocurrency still worth HODLing.

Why you should hold on to your ADA coins

Cardano is currently the 11th largest cryptocurrency by market cap, being just above IOTA (MIOTA) and below TRON (TRX), which has recently surpassed it. Its current price is at $0.037356 per coin, and it has a market cap of $968.53 million.

It is the first crypto that has a market cap under $1 billion, although this is something that can easily change at any time. Many often compare Cardano’s marketing strategy to that of TRON, stating that ADA has near-zero fluff, while TRX — and especially its founder, Justin Sun — are often criticized for causing unnecessary hype.

Cardano does not use such methods, as the coin allows its actions to speak. It was created by Charles Hoskinson, who has previously worked on the development of several hit projects, including Ethereum itself. Hoskinson has witnessed the development of multiple coins and has gathered the necessary insight into their flaws.

Because of that, he and his development team took special care while developing Cardano, focusing on quality instead of rushing things. Furthermore, the development team itself consists of professionals and academics, familiar with how a cryptocurrency should operate in the best possible way.

Cardano has also announced several projects which are expected to improve the coin further, such as resolving scalability issues. The main goal here is to provide simple and cheap financial solutions for billions of people around the world, who are considered underbanked. The most promising solution appears to include the introduction of parallel chains and the concept of sharding. If these goals are achieved, Cardano will receive a lot more attention, which will positively impact its price, and potentially make it the representative of the third generation of crypto.

In addition, the coin has appeared on Coinbase’s list of potential listing candidates. If the exchange decides to add ADA to its limited list, it will certainly impact Cardano’s position, as the coin will experience even more usage. Furthermore, ADA is already a tradeable asset on many well-known and trusted platforms, such as HitBTC, UPbit, Huobi, eToro, Bithumb, and it is also expected to arrive at Cryptopia.

It should also be noted that Cardano is a coin with a relatively stable, if low, price. It has experienced less volatility than most cryptocurrencies that are not categorized as stablecoins. One of the reasons for its low price may be its large circulating supply, which currently includes nearly 26 billion coins, as well as its total supply of 31.1 billion units.

For all of these reasons, and more, a lot of experts expect Cardano to be one of the coins that will survive the altcoin apocalypse, both now and in the future. And, when the storm blows over, the remaining coins will find themselves in more favorable conditions, which will allow them to grow and develop properly.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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