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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

Analyzing The Best-Performing Cryptos

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cryptos
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Over the nebulous first half of this year, some tiny cryptos were able to grow by more than 1000% and reach the desired top 100, while others that were already in the top 50 bastions simply zeroed. What factors led them to perform like this? Luck, external factors or well-made decisions?

First of all, it is important to clarify that it would be unwise to analyze them disregarding the market context (crypto and non-crypto) of the period, so we’re using a holistic approach.
In our timeframe, considering the traditional market cycle of emotions, in contrast to the standard chart below, the euphoria quadrant had a much larger peak and a much shorter duration, starting in the middle of 2017 and ending at the beginning of 2018, while we were stuck in the period of “excitement” since, maybe, 2015. The emotions in red passed in a rush and at the end of July, we were already in deep “despondency”.

Source: https://russellinvestments.com/ca/insights/the-market-cycle-of-emotions

Besides to the fact that the market completed half of the cycle in less than half a year, some very relevant things, besides the usual phenomena expected of an investment market, happened during this period. In addition to the hype the period enjoyed and the fact that bad, inexperienced investors were frantically joining the crypto market, we…

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Is Tether (USDT) really a stable coin?

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Tether
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Tether is one of the top digital assets in the crypto-sphere. The coin was launched in November 2014 after it changed its name from Realcoin so that the crypto community doesn’t associate it to the altcoins. It is important to know that Tether is a currency that helps to convert fiat currencies into digital currencies.

Moving forward, there have been lots of FUDs around Tether these days as regards to whether it is going to be a truly stable coin as the market has seen dips lately. Also, the FUDs around Tether have raised questions on whether there are any backings to the digital asset.

It is crucial to know that other factors have been attributed, and one of them was a report from last month that stated that Tether and Bitfinex, had gone their separate ways with Noble Bank. The separation made Bitfinex suspend fiat wire deposits – without no reason or whatsoever.

Tether, in regards to market worth, comprises about 92 percent of the market capitalization of stable coins. Also, this stable coin offers two purposes: to stabilize the volatility of Bitcoin, and also to preserve the amount of money purchasing power investors have at hand when the value of larger cryptocurrencies such as BTC drops.

The coin is a good alternative for traders when trying to cash-in on fiat currencies, as we do know that trying to move money from different exchanges to fiat…

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TRON Partnership Involves Cloud Computing

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TRON partnership
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It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.

Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.

Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.

However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.

Baidu to…

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