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Cardano (ADA) can reach $2.50 sooner than you think, here's why - Global Coin Report
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Cardano (ADA) can reach $2.50 sooner than you think, here’s why

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Cardano ADA
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Cardano is a very peculiar blockchain project. It lacks the hype of Bitcoin, Tron or Ripple, just to name a few but it’s managed to acquire an unmatched reputation for quality, transparency, and seriousness.

One of the differences between Cardano and every other cryptocurrency is the emphasis it puts into following scientific principles and peer-reviewed research.

They keep to those principles by working closely with many cryptography researchers in the academic sector and by making sure that they do not privilege sheer marketing as its chief strategy, but academic announcements and publications that guarantee the project’s reliability and innovation.

That all has made Cardano’s researches ambassadors of sorts from the cryptosphere to the academic world which, in turn, has given reason to many academics to pay more attention to the cryptocurrency market and take it as an earnest endeavor.

That difference in core values has practical consequences. The Cardano community never rushes. Nothing is launched or released until it’s been thoroughly tested and known to work correctly. That’s how Cardano has managed to build an unparalleled reputation for reliability. There’s never been a major scandal or controversy involving Cardano, which is very rare in the cryptocurrency market.

It’s also important to know that Cardano is not all about the project’s currency (called ADA) but it’s a full decentralized operating system designed to run financial and decentralized apps.

While this is not unique (that’s the case of Tron, or EOS, for instance), the project has shown its scientific credentials by designing a blockchain from scratch. Its very innovative “Proof of stake” consensus protocol could be nothing short of revolutionary if it’s implemented successfully and many observers in both the academic and crypto market fields are waiting eagerly to find out if it will deliver on its promises.

So if Cardano is such an exciting project, why is ADA not performing that well? Because the bear came to visit the crypto world las January and it hasn’t left. Every digital asset has had a hard time all year long, and Cardano hasn’t been the exception. 

It reached its peak level last January (1.30 USD, fifth largest coin by marketing capitalization). Since then it’s been going down, and it currently trades at around 0.12985 USD (which brought it down to the eight place by market cap). This is apparently a considerable drop. But it’s also a great opportunity.

Metaps Plus is a huge mobile payments platform based in Korea. They recently announced they would include ADA as a means for payment.

This new partnership is crucial because it shows the credibility Cardano has managed to build outside the cryptosphere and because South Korea is one of the world’s most essential and enthusiastic countries when it comes to digital assets.

And this is just one such partnership; there is no reason to believe that many others are not on the way but, as stated before, this is an organization that takes its time to do things.

Despite the coin’s performance, neutral observers and experts are very confident in this project. Some predictions are as high as 10.00 USD per token, but they seem a little hyped and the arguments they give are not always very persuasive.

That being said, a new bullish run will come to the market sooner or later. Taking into account that ADA was as high as 1.30 only a few months ago, when this happens, the token will appreciate for sure and based on previous bullish runs it would be entirely reasonable to expect it to reach 2.50 USD.

So this is a time of opportunity if you like Cardano. At thirteen cents you could make a twentyfold profit when the prices start picking up again. It is a risk, of course, but if you know the project, the markets and you do your homework before you jump in, then Cardano’s ADA is one of the best opportunities in the current market precisely because it’s so incredibly cheap right now.

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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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Top 3 Crypto Trends That Might Go Big in Q2 2019

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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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Ripple
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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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