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When Will Cardano Take Off?

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When will Cardano take off

As 2018 is slowly coming to an end, a lot of Cardano investors have only one question on their minds — when will Cardano take off?

Cardano (ADA) is still a relatively new cryptocurrency, which is barely past its first birthday. Despite its excellence regarding the technology, its team, excellent leadership, new partnerships, numerous listings, and alike — Cardano’s price is still very low. At the moment, the coin is ranked 9th on CoinMarketCap’s list of largest cryptos by market cap. Its price is $0.083526, with 3.07% increase in the last 24 hours.

However, this is still nowhere near Cardano’s full potential, or even its all-time high of $1.05 which it experienced at the beginning of the year.

However, it is also not that strange that Cardano’s value is so low. The coin has become known for taking the slow route throughout its short history. Additionally, almost entire 2018 up to this point has been mostly bearish, which has taken its toll on all digital coins.

Still, as the year slowly draws to a conclusion, many are expecting another price surge, similar to, or even greater than the one that started a year ago.

Cardano’s recent victories

Despite the fact that Cardano is known for taking its time and doing things slowly, the coin has made quite a lot of progress recently. Only a little over than a week ago, for example, it was announced that Cardano (ADA) will be listed on Kraken exchange. At the same time, it gained support from Infinito wallet, only days before its first birthday.

Similar events have followed Cardano throughout the year, and the coin has been slowly expanding and increasing its reach and influence. Simultaneously, it community began to grow as well. The Infinito wallet listing is an especially important event for Cardano since this is the first time that the coin was supported by a mobile-friendly wallet.

Additionally, even Cardano products are starting to gain attention, which can only be a good thing for the coin. With additional listings and new use cases, Cardano is slowly but surely creating a future for itself. Because of this, many believe that its price will skyrocket at some point, as soon as the market allows it.

When will Cardano take off?

While nobody can predict the future as accurately as the investors would prefer it, many analysts and experts are quite optimistic regarding ADA. Since its launch in September 2017, the coin has grown by around 1500%. It is even among the top 10 cryptos by market cap for a while now.

Different forecasts claim different things, as always, but some of the most realistic ones see Cardano price growing to around $2.5 during next year. The same prediction claims that ADA will likely grow to reach the value of $10 in the next five years.

In the end, everyone agrees that Cardano is not a get-rich-quick type of coin. Investing in it means having patience, and not being afraid to wait for a few years for the investment to pay off. Thanks to long-term predictions, it would seem that investing in Cardano at this point is a pretty good idea.

The coin is bound to stick around, and it has played its cards well during the one year of its existence. With that in mind, there is no real reason to doubt its future, as it has proven to be quite capable and reliable, if a bit slow. Finally, if the new price surge does arrive, as everyone is hoping it will, it is more than likely that Cardano might speed things up, and maybe even reach new heights. While nobody can tell with certainty when will Cardano take off, everyone agrees that taking off is a part of the coin’s future. Because of that, a lot of investors are taking the opportunity, and are investing in ADA while it is still so cheap.

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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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My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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3 Reasons Why Liquidity Dividends Protocol (LID) Will Be a Huge Winner

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Liquidity Dividends Protocol

Since 2017, cryptocurrency has experienced both the crazy highs and the crazy lows with fortunes being made and lost overnight.  That volatility is one of the main reasons why cryptocurrency has been relatively slow to gain mass adoption.  In addition to volatility, another concern for many is the lack of security and regulation in the market.  This can be seen through the countless exchange hacks and rug pulls that seem to occur on a weekly basis.  In order for cryptocurrency to move into the next stage of maturity and bring on mass adoption, investors and users will need to feel secure knowing that their funds are safe.  One promising organization that may have the perfect solution is Liquidity Dividends Protocol (LID).

What is Liquidity Dividends Protocol?

Liquidity Dividends Protocol is an up and coming organization that provides locked liquidity services to cryptocurrency projects that launch their offerings through ERC-20 tokens.  It lets non-custodial pre-sales lock liquidity of a token in a trustless manner through Uniswap.  This locking process will prevent every investor’s worst nightmare of seeing their hard-earned money disappear through “rug pull” scams that are designed to remove liquidity out of DeFi projects.

This year has seen an explosion of interest in Uniswap and DeFi projects.  Many investors have generated enormous returns on investments, but many have experienced the pain of being duped.  Below are three reasons why LID Protocol is poised to be a massive winner in…

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