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Why you Should Buy Cardano (ADA) Right Now

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Cardano
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Since the beginning of the year, all cryptocurrencies have experienced a very significant drop in value. This was a significant development, and its effects are still being felt since none of them managed to even come close to the ‘glory days’. Still, this drop is not permanent, but the investors still have a hard time deciding where to put their money. Many believe that Cardano (ADA) may be the right choice, which is why we decided to explore this option and see what makes it so attractive.

Why is investing in Cardano (ADA) a good idea?

Let’s start by saying that Cardano has been attracting more and more popularity as of late, which has inspired many to find out more about the coin. What they have found during their research has definitely got them excited, and Cardano started gaining more and more supporters because of it.

Smart use of its technology

There are several reasons for this, and one of the biggest ones might just be the way Cardano uses the technologies that it has at its disposal. It is still important to remember that Cardano doesn’t have an official product to offer. It belongs to the third generation of cryptos, which forced it to find creative ways to deal with issues like sustainability, scalability, as well as interoperability.

It developed its own techniques to solve scalability, and it doesn’t have to worry about things like storage as of yet since it is still a relatively small blockchain. Thanks to its sub-networks, it solved the issue of bandwidth, and problems with transactions were prevented by using a system called Ouroboros.

It is also very secure, and it seems that it can rely on its smart contracts. After all, its development team is pretty confident in their algorithms, and they seem sure that Cardano can take care of any potential threat that happens to stand on its way. It can also guarantee their users’ privacy, which is usually something that people find very attractive.

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Good combination of wallets

Cardano has found a great way to prevent any sustainability problems, and the solution was rather simple – it started using a different wallet. The wallet by the name of Treasury is used for storing small portions of any transaction, and the funds stored in it will be used for funding future projects. Best of all, Cardano will allow its users to choose what the wallet funds will be used for via the voting system.

Additionally, it has a wallet called Daedalus, which has become almost a synonym for safety. It is still not fully developed yet, and the team is working hard to complete their work on it. However, despite this, it has great potential and a lot of things will be incorporated inside of it.

A capable team

Naturally, you wouldn’t give your trust, nor your money, to a team that can’t prove its worth. If the team behind the product cannot be trusted to know what they are doing, then how can anyone ever have faith in their creation?

This is not a problem with Cardano since its team has been made of scientists, engineers, professors and alike. Obviously, these are all professionals who know what they are doing, which is yet another reason why Cardano is doing so well. So far, it has not given us a single reason to doubt its future success.

Even its price has been growing over the last few months, and it went from around $0.15 at the end of March, to $0.19 as of right now, according to the CoinMarketCap. Of course, this is not a huge increase, but ADA has been going up and down and it even saw a price of $0.25 quite recently. The oscillations will decrease in time, and the price will go up when the market allows it. This is why any potential investor should act now, and buy Cardano while the price is low. The coin obviously has a future, and the price increase will come in due time. Use this chance and make a smart investment.

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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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Altcoins

DGB Price Prediction For 2018 and Beyond

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DGB price prediction
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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Altcoins

Why ZCash (ZEC) Is Heading to $10k

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ZCash
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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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