Connect with us

Blogs

Cardano (ADA) can reach $2.50 sooner than you think, here’s why

Published

on

Cardano ADA
READ LATER - DOWNLOAD THIS POST AS PDF

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.

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Maxpixel.net

Altcoins

Analyzing The Best-Performing Cryptos

Published

on

cryptos
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Blogs

Is Tether (USDT) really a stable coin?

Published

on

Tether
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Blogs

TRON Partnership Involves Cloud Computing

Published

on

TRON partnership
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Elite