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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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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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