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The Future of Cardano (ADA)

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The future of any cryptocurrency is as uncertain and subjected to change as is its price on the current market. However, this is not good enough for investors, since they need to be able to estimate whether or not the coin is worthy of investing.

Cardano (ADA) is one of the coins that has received a lot of attention this year. It made a lot of progress despite the constantly bearish 2018. Of course, its price is still pretty low compared to other crypto world champions. However, it probably won’t remain so low forever. So, what is there in the future of Cardano?

A bit about Cardano (ADA)

Similarly to Ethereum, Cardano is a platform that specializes in decentralized apps and smart contracts. Its native crypto is ADA, a coin valued at $0.077132, according to CoinMarketCap, which is currently holding the 9th place on CMC’s list.

Despite the fact that it is trying to do the same, or at the very least similar, thing as Ethereum, the two differ quite a bit, upon closer inspection. Cardano is a much younger coin, with its technology being massively improved. Cardano, like many other coins, aims to be the leader of the third generation of the blockchain.

The coin was developed by Charles Hoskinson, who came up with a concept for ADA back in 2015. However, the coin was only launched in 2017. In the meantime, Hoskinson dedicated himself to creating a professional team, perfecting the coin’s concept and technology, and alike. Cardano’s way was always slower, but that was fine, as long as the coin did what it aimed to do properly.

The future of Cardano

Cardano is a coin with a lot of goals, some of which may seem a bit too ambitious at first glance. It aims to unite everyone under one blockchain, and even make it the first $1 trillion economy, according to Hoskinson’s statement a few months back.

Additionally, Cardano’s leaders have been intrigued by how bad the situation in Africa is. Their goal is to use the blockchain technology and help African countries become more organized, cheaper, and more stable than current systems. While these plans were explored in depth back in February, Cardano Foundation’s Twitter page has recently reminded the community of these plans.

This, of course, means that ADA is not scraping their goal to help developing countries in Africa. Only that doing so will require a lot of time, effort, and patience. However, if successful, this will make the future of Cardano quite bright in Africa. Not a lot of coins is planning on conquering African crypto market, and certainly not a lot of those that are as capable and well thought-out as Cardano is.

If Cardano manages to establish itself in Africa, this will be a game-changing move, for the coin, as well as the involved countries. Of course, the company’s goal is to help, but the consequences of its expansion cannot be overlooked. In the meanwhile, Cardano continues to struggle in the once again bearish market, like the rest of digital coins.

Despite the current environment, Cardano still remains one of the most balanced coins, with the smallest price oscillations. In the meanwhile, Cardano continues its own development, with constantly bringing up new updates. These updates continue to fix even the smallest issues, making Cardano one of the best coins around.

Finally, according to Hoskinson’s recent video, Cardano’s TestNet 1.4 is also coming soon, with its release being scheduled for October of this year. In the same video, Hoskinson also claims that the team has made a lot of progress with Icarus as well and that they are quite happy with the results.

Obviously, the future of Cardano seems bright enough, even though it might require a lot of work and effort. Cardano continues to develop and advance and has become a pretty safe investment at this point.

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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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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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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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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