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The Future Price of Cardano (ADA) – Can it Reach $10

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Cardano
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Cardano (ADA) has become one of the most popular cryptocurrencies to talk about lately, and as time passes, more and more people start to see its potential. With awareness, there also comes speculation, and some of the Cardano discussions have been revolving around its price and its potential growth in the future. It would seem that one of the most popular opinions right now is that Cardano has the potential to go up as high as $10 within the next 5 years. Can this really happen?

About Cardano (ADA)

Cardano is a blockchain-based, open-source technology. Like many other cryptos, it provides its users with smart contracts, and the ability to develop dApps, as well as make various transactions.

Cardano only appeared in September of last year, but in a few short months, it managed to climb up the ranks, and take its place as the 8th top cryptocurrency, according to CoinMarketCap. This is a massive achievement in itself, for such a new crypto to join a top 10 group in just a few months. However, ADA did not stop there. During the golden age of cryptos at the end of the previous year, it’s price reached $1, which was its all-time high.

Of course, after the value of cryptos dropped at the start of 2018, Cardano went down as well. Its price continued to struggle with the market changes, just like those of other cryptos, and it currently sits at $0.175066 per token.

So, why is everyone so excited about this cryptocurrency, and why is its price expected to go as high as $10, which is ten times higher than its all-time high so far?

The future of Cardano’s price

The first thing that we should establish is that Cardano is much more stable than the majority of other cryptos. Sure, its price went both up and down, along with the rest of them. However, both those ups and downs were much tamer than what many other cryptos had to endure. And, according to Cardano’s charts over its lifetime, this crypto doesn’t really have large ups and downs, but instead, it is mostly very tame.

Additionally, Cardano is not a cryptocurrency that will make an instant high profit. Instead, it is one that makes gains over a longer period of time. This makes it a keeper, and a good choice for the future.

Another thing to remember is that ADA is a pretty young coin, that is still in development. With that in mind, it is amazing to consider what it managed to achieve already, but there is still a lot of work to be done on the coin itself, as well as the blockchain. Its team works tirelessly, and it progresses slowly but surely. Additionally, Cardano is also growing in popularity, and its community continues to grow with each passing day.

So, with more interest, a platform that is getting better and better all the time, and a coin that has a lot to offer, is stable, and an obvious long-term player, it is clear why Cardano has started to attract this type of attention. With new products in the future and more people interested in trading with this crypto, its price definitely has a potential to reach the sky. It is all a matter of time, and Cardano has proven to be quite good at waiting patiently.

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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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Altcoins

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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Altcoins

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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