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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

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Altcoins

TRON (TRX) Is Likely to Go Big in June

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Tron
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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

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IOTA
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The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

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