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Why Cardano (ADA) is Expected to Rise in Q3 2018

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Cardano (ADA) has been one of the most stable and reliable cryptocurrencies around lately, and its team has made some significant progress so far. Their achievements and plans are many, and they all work together to bring this crypto to its full potential.

Making Cardano (ADA) reach its full potential is a long journey, and just like when it comes to other cryptos, patience is everything. Still, progress can be seen, and the team behind this crypto has decided to demonstrate it through the recently-released newsletter. In it, they are clearly detailing all the achievements so far, as well as the roadmap for the next quarter of this year.

And, if everything goes as planned, then ADA will definitely become a cryptocurrency worth having. Some believe that it might even go back up to $1 per coin in less than three months, which makes this period perfect for purchasing as many coins as you can, before their value skyrockets. This is a big thing for this crypto, so let’s see what accomplishments are responsible for this potential increase in ADA’s value.

Cardano’s latest and future achievements

One of the biggest and most important changes is Cardano’s introduction of a new version of its paper wallet. The new one is more advanced, which makes it much safer, and is also very usable. Wallets are rarely the first thing that comes to mind when you think about cryptocurrencies, but their competence to keep your money safe is one of the key elements in the world of crypto trading.

Investors need a safe place to put their money into, and to know that they will find it when they return after a while. Not having safe and usable wallets is one of the reasons why most investors avoid holding on to their cryptos. So, now, with the new and more capable wallet, Cardano has become one of the few cryptos that the investors might be comfortable with holding on to, and for a while too.

And while we are on the subject of wallets, Cardano’s team has managed to create a faster one, which is also capable of instantly synchronizing with the blockchain. The wallet is one of the most important products, as we have already established previously, and having a wallet like this is bound to attract more people due to its competence and practicality. The key element of this wallet is its ability to restore the lost wallet key if need be. This is a rare feature, and the investors will surely appreciate it due to large fear of losing all of their funds if they choose a regular wallet. With more trust comes more investments, and more value will be added to Ada.

Cardano’s new strategic partnership

Finally, let’s take a look to the future. One of ADA’s important projects includes attempts to enter a very important partnership, one that might help with bringing a publicity spike for this crypto. The partnership in question concerns Metaps Plus, one of the largest mobile companies in South Korea. A partnership with this company will definitely help Cardano with establishing itself in this country, and will even help this crypto with attracting even more investors. Not to mention that the company will integrate the ADA coin, which will eventually lead to a large increase in its use.

With all of these factors combined and more projects that ADA probably has in store, it is not that surprising that the crypto enthusiasts and market experts are convinced that ADA has quite a bright future ahead of it. Some even say that it will go up to $10 in the next year or two. Right now, all we can do is wait and see, but maybe getting a few coins while the price is low is not such a bad idea.

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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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Blogs

3 Things to Avoid if You Want Your ICO to Succeed

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Initial Coin Offerings, or ICO, have become quite popular in 2017, which is something that also continued throughout 2018. In fact, there were hundreds, if not thousands of them so far. However, no matter how many of them were organized, most never managed to make it into the market and achieve their goals.

Analysts claim that there are a lot more failed ICOs than there are successful ones, which has caused a lot of people to simply give up on the idea. However, many are still curious to know what went wrong, and while failed ICOs can be studied for years without discovering absolutely every flaw, some of the bigger ones can be spotted right away.

This is why we will now list top three reasons why so many ICOs failed, and everyone who is thinking about launching one should pay close attention.

1. The lack of demand for the product

According to estimates, around 60% of ICOs often fail at the first stage simply for the lack of interest in what they offer. When someone comes up with an idea and launches an ICO in order to raise money, they are presuming that people will be interested in investing in this idea. In addition, prior to making an announcement that an ICO is coming, it is wise to ensure that the announcement will be heard in the first place.

Additionally, ICOs need to be approved by appropriate…

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Bitcoin

Reasons Behind The New Bitcoin Crash

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Cryptocurrency investors and supporters experienced quite a shock last week with the latest Bitcoin crash. Almost every single one of top 100 cryptocurrencies trading in the red. Not only that, but most of them experienced massive losses, often larger than 12%, or even 15%.

The event was unexpected and all cryptos, with the exception of a handful of stablecoins, lost a large part of their value. However, as always, Bitcoin is the one receiving the most attention, especially since this is the first time that BTC has dropped below $6,000 in a long while. Right now, Bitcoin is still losing value, with its current price being at $5,503.11 per coin, and a drop of 12.76% in the last 24 hours.

After the initial shock, a lot of investors started wondering and researching the new crash. The main question still remains: Why did this happen?

While this is more than understandable, especially considering how much money, time, and patience people have invested in crypto, the reasons behind the new crash remain obscure to many. Because of that, we are now going to explain two events that are most likely to be causing this situation.

1. The selloff

This is believed to be the main reason for the new crash of Bitcoin. The selloff came as a consequence of the last year’s bull run, which has launched BTC and other coins to entirely new heights. Because of that, numerous…

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Altcoins

Here’s Why This Coin Still Has Wings (WINGS)

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WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.

Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.

What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.

The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…

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