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Why you Should Buy Cardano (ADA) Right Now

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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.

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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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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