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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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
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It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has…
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