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

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Cardano
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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

How is the Crypto Market Changing?

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It has been around a month and a half since the start of 2019, and there are already some pretty obvious changes in the way the crypto market operates, especially when compared to the last year. Early 2018 was almost a complete opposite. The previous year started with cryptocurrencies at their strongest, only to see them crashing down after a few weeks. Back then, the ICO model was still quite strong, and so was the hype surrounding the crypto space. New investors kept entering the space, and new startups emerged with their tokens ready to be sold.

As the year progressed, things started to change. The prices continued to drop, the ICO model went down from around $1.4 billion in raised funds at the beginning of the year to only $100 million in the last month.

The ICO model lost investors’ trust, as many of the projects turned out to be either too weak to survive after the crypto winter struck, or scams which tricked investors out of their money and disappeared. Not to mention that the increase in ICOs popularity attracted the regulators who cracked down on them pretty hard, especially in the US.

With all of that happening, it is of a small surprise that the investors started giving up on ICOs, especially with the constant drops in prices which saw even the largest coins…

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Understanding the Uses of Different Types Of Cryptocurrencies

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Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

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New DoJ Ruling May Cripple Gambling dApps

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gambling dApps
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A new decision made by the US Justice Department has expanded restrictions regarding online gambling in the US affecting gambling dApps. While the Federal Wire Act of 1961 prohibited online gambling regarding sports since 2011, the new decision expanded on this, and it now includes all forms of internet gambling. Unfortunately for many, this now also includes cryptocurrencies.

The new decision came due to considerable difficulties when it comes to guaranteeing that only interstate betting will take place and that payments will not be routed via different states.

The new announcement was explained in a 23-page-long opinion issued by the Department of Justice’s legal team, which pointed out that the 2011 decision misinterpreted the law. According to that decision, transferring funds was to be considered a violation, but data transfers were not included. By exploiting this oversight, it was possible for gamblers to turn to internet gambling. Unsurprisingly, many have realized this early on, including startups, as well as large, established firms. This, of course, also included cryptocurrency companies as well.

The new decision changes what is allowed online

The decision to include all forms of internet gambling is a massive hit in the…

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