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Why you Should Buy Cardano (ADA) Right Now
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.
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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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…
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.
Cryptocurrency vs. Blockchain Technology
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…
Altcoins
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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