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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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