Cardano

Technical Analysis of Cardano

Cardano was one of the best performers on the cryptocurrency market in the last three weeks, in less than 20 days the price of Cardano has advanced from$0.06 above $0.10 and the current price stands around $0.08. The price of Bitcoin is above $8 000 and there is a correlation between the price movements of Bitcoin and other cryptocurrencies. Cardano is entirely open source that aims to establish a smart contract platform which focuses on more advanced features. Cardano has own cryptocurrency known as ADA which is designed to work well with regulations and to be accessible to almost anyone. According to estimates, this cryptocurrency has a bright future but I would invest only a small sum of money in Cardano. In my opinion, this project is still very risky and faces several problems. When we look at this chart we can see that Cardano is moving in “sideways”. As long as Cardano (ADA) is below $0.10 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $0.07 and $0.09 – If the Cardano jumps above $0.09 that would be a “BUY” signal and the open way to $0.10. If the Cardano jumps again above $0.10 that could be a strong signal of the trend reversal and the open way to $0.15. On the other side, if the Cardano falls below $0.06 that will be a strong signal “SELL” signal and the next target could be around $0.05.

Advice: According to the official website, this platform will deliver more advanced features than any protocol previously developed. In my opinion, this is a highly speculative cryptocurrency and still very risky but lots of analysts agree that Cardano (ADA) is currently at a point where it has the potential to make very big gains. As for the technical picture, ADA remains in bearish phase but if the price advances again above $0.10 next targets could be located around $0.12 and $0.15. On the other side, if the ADA falls below $0.06 that will be a strong signal “SELL” signal and the next target could be around $0.050.

Technical Analysis of Cardano

Cardano is entirely open source that aims to establish a smart contract platform which focuses on more advanced features. According to the official website, this platform will deliver more advanced features than any protocol previously developed. Some analysts say that this project is being built from the ground up and aims to be the most practical and effective cryptocurrency network ever made. Cardano has own cryptocurrency known as ADA which is designed to work well with regulations and to be accessible to almost anyone. In my opinion, this is a highly speculative cryptocurrency and still very risky but lots of analysts agree that Cardano (ADA) is currently at a point where it has the potential to make very big gains. When we look at this chart we can see that Cardano is moving in “sideways”. As long as Cardano (ADA) is below $0.10 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $0.06 and $0.08 – If the Cardano jumps above $0.08 that would be a “BUY” signal and the open way to $0.09. If the Cardano jumps above  $0.10 that could be a strong signal of the trend reversal and the open way to $0.15. On the other side, if the Cardano falls below $0.06 that will be a strong signal “SELL” signal and the next target could be around $0.05.

Advice: According to estimates, this cryptocurrency has a bright future but I would invest only a small sum of money in Cardano. In my opinion, this project is still very risky and faces several problems. As for the technical picture, Cardano (ADA) remains in bearish phase but if the price advances above $0.10 next targets could be located around $0.12 and $0.15. On the other side, if the ADA falls below $0.060 that will be a strong signal “SELL” signal and the next target could be around $0.050.
 

THE PROSPECTS OF CARDANO

Cardano is cryptocurrency, but it is not in its entirety a cryptocurrency. It is also a decentralized public blockchain project that is completely open source. The project involves the developing of a smart contract platform that will deliver advanced features than what we are currently used to. Cardano and Etherum have some similarities. Just as Ether is the crypto coin used for transactions on the Etherum platform, ADA is the crypto coin used for transaction on Cardano platform. But that is just about the similarities it has with Etherum, because Cardano offers various technological advancement when compared to Etherum and other altcoins. Also, ADA crypto coin can be used to transfer of digital funds.
The brain behind Cardano is Charles Hoskinson, one of the co-founders of Etherum. It was launched in the year 2017 as the first blockchain platform to be birthed out of a scientific and research philosophy, and the developer team of this platform were majorly researchers – scientists and engineers. Cardano is built in layers, making it a good platform for subsequent upgrades and possible forks. It is supported by 3 entities in its entirety; Emurgo, IOHK, and Cardano Foundation. Cardano owns its own wallet called Daedalus. The trustless mechanism on which the decentralized platform runs on is PoS (Proof of Stake). Plust and it runs its own protocol which is called Ouroboros.

INVESTMENT HISTORY OF CARDANO (ADA)

Cardano was launched in October 2017, after two years of development and anticipation on the side of investors. The Cardano plan and whitepaper was made public in 2015, which kind of made it stand out from other coins because they stayed away from promotion between the year of conceptualization and the year of the launch. When it was eventually launched, Bittrex became the first cryptocurrency exchange platform to launch it. Within a month of its launch, Cardano became very popular and other cryptocurrency exchange platform just had to list it on their platforms. At the time of launch, Cardano was $0.021 and by January 2018, it hit an all-time high of $1.22. Its market grew from $0.56 million to $31 billion in just three months. Most investors invested in this project because of its solid technological improvements that had over other cryptocurrencies. Unfortunately, the crypto winter of 2018 didn’t care about the sophistication in technology as Cardano crashed, just like every other cryptocurrency. However, Cardano has been showing the green light as it recently tripled its price and market cap value in the last 30 days. Trading between $0.035 – $0.05 USD.

COMPETITORS

The major competitors of Cardano are Litecoin and IOTA. This is because of the close similarities that they share both in their functions and their market capitalization shares. Hence, the demand for for any of these currencies will likely affect the prices of others. But then again, Crdano stands out in the following ways;
Team
The team behind Cardano does not comprise of just developers, but also engineers and scientists from different part of the world. Cardano remains the first and only cryptocurrency that has introduced the peer-review concept of every single activity on the platform. It is also backed by three super organizations.

Technology

Cardano is not just a cryptocurrency as Litecoin is. It makes available an entire platform for the building of decentralized applications alongside smart contacts. It also offers technological improvement with the possible provision of a solution to the scalability issue that most cryptocurrencies are experiencing today. It is also more sustainable on the long run.

Security

With the Ouroboros protocol, Cardano can achieve high level of security details and scalability simultaneously. This means that even though the probability of its security being compromised is low, Cardano can overturn the effect of a hack faster than its major competitors.
Wallet
As established earlier, Cardano offers its own wallet which is called Daedalus. The Daedalus is the place you store your ADA coins. According to Cardano’s team, they are working on upgrading and improving the design of Daedalus so that integration with third parties through APIs will be less complicated.
In conclusion, the long term goal of Cardano for it to be a cryptocurrency that supports both smart contracts and decentralized apps. At the same time, for it to be used as a secured payment method. It is still in its child phase, but with all the innovation it brings to the table, it has a great future.

ALT COINS TO WATCH OUT FOR IN 2019

An altcoin is any digital cryptocurrency similar to Bitcoin. They are all the alternative cryptocurrencies launched after the breakthrough of Bitcoin. They generally project themselves as better substitutes to Bitcoin. The term is said to stand for “alternative to Bitcoin” and is used describe any cryptocurrency that is not a Bitcoin. The success of Bitcoin as the first peer-to-peer digital currency paved the way for many to follow. Most popular altcoins use the same fundamental building blocks as Bitcoin. This implies that most altcoins are peer-to-peer, and they involve a mining process through which the users can solve difficult problems in order to unlock blocks, and they also offer efficient and cheap ways to carry out transactions on the web. altcoins vary widely from each other even with their many overlapping features – altocoins differentiate themselves from bitcoin with a range of procedural differences, including different proof-of-work adifferences the different means by which their users can sacrifice energy to mine blocks and application advancements to increase their user’s anonymity.

In April 2017, the size of the cryptocurrency market was just about $25.9 billion but as now, it stands at about $409.5 billion. The market growth gave room for many new cryptocurrencies to emerge. So it is pretty tasking to pick out the vest alt coins as there are hundreds to choose from. But in this article, I will show you the best 5 alt coinsto watch out for in 2019 so buckle up, its going to be a long ride.
Many of these altcoins are basically forks of Bitcoin, developed on its open source code. It can be a difficult task to choose the best altcoins, as there are thousands of options out there.

Best Altcoins to Invest in 2019

1. Litecoin

Litecoin is one of cryptocurrency’s oldest altcoins, it was created in 2011 by Charlie Lee(ex-google employee). Litecoin is just a digital currency like bitcoin but with certain upgrades. Litecoin shows very many improvements from that of bitcoin, especially its remedy of bitcoin’s slow transaction speed. As a matter of fact, the reason that it is called Litecoin is because it is 4 times faster than Bitcoin. A Bitcoin transaction could take about 10 minutes to complete but a Litecoin transaction is done and dusted in 2.5 minutes. This makes Litecoin more scalable than Bitcoin as the litecoin can complete more transactions per second than the bitcoin can. The litecoin is fairly easy to purchase because it is offered by most of the top cryptocurrency exchange platforms. You can buy Litecoin from Kraken or from Coinbase or Coinmama or Bitsquare.

2. Ethereum

Ethereum was launched in July 2015 by Vitalik Buterin. All the list of the best altcoins must have listed in them, Ethereum. Ethereum is the second most valuable cryptocurrency after Bitcoin and it has a current market capitalization of about $64.35billion.
The price of Ethereum has grown from $9 in January 2017 to $1,389 in January 2018. And its price has almost doubled in price within the last one month, from $396 at the beginning of April (2018) to $648 today.
Why is Ethereum so unique and different from Bitcoin?
Bitcoin is just a virtual currency, but Ethereum has more to offer in addition to that. Ethereum provides a platform for the developer on which they can build blockchain-based smart contracts and decentralized apps.
Ethereum was the first cryptocurrency token to introduce smart contracts(Smart contracts are agreements coded on the blockchain that execute themselves on when certain pre-set conditions are met), and smart contracts are now considered as the next big thing.
As one of the most widely available cryptocurrencies, Ethereum can be purchased from any popular exchange. Many of these exchanges support credit/debit cards in addition to bank transfer. So you can purchase Ethereum from Coinbase or Coinmama or CEX.io or Gemini.

3. NEO

NEO, which was originally called AntShares. It was created in 2014 by Da Hongfei in China. It is the biggest cryptocurrency which is of Chinese origin. NEO, like Ethereum, is a platform designed for developing decentralized applications (Dapps), Smart contracts and ICOs. It has very close resemblance with Ethereum and because of this close resemblance to Ethereum, NEO is often referred to as the “Chinese Ethereum”. One of the major factors which is propelling growth for NEO is the support it enjoys from the Chinese government and its robust technology. NEO has a vision of building a smart economy and this Impliesthe digitization of physical assets like cars, houses etc. To buy NEO, you must First buy bitcoin and then exchange it.

4. CARDANO

Cardano fixes three of the most pressing challenges the first and second blockchain generation projects faced. These challenges are: availability, interoperability and sustainability. Cardano offers advanced improvements over Bitcoin as well as over Ethereum. Cardano is a decentralization app building platform with its unique native frequency.
Cardano also profers solutions to the problem of slow international payment transfers by reducing the cost and speed to a few seconds. Cardano can easily be gotten from coinmama but if you wish to buy from other platforms, you will need to but bitcoin first.

5.DASH

Dash was launched about 5 years ago by Evan Duffield. It was first called Xcoin then renamed Darkcoin but in 2015 it was finally re-branded to Dash. Dash has a market capitalization of about $3.79billion so could be one of the best coins to invest in 2019. Dash has made some giant strides And the technology and offers better privacy and a higher transaction speed than Bitcoin.
Unlike Bitcoin in which the address of the sender is made public, Dash keeps the addresses hidden. So, Dash’s transactions cannot be traced back to the origin, while Bitcoin transactions are traceable.
Dash also has its own self-funding mechanism (0% of all the mining reward goes back to the Dash.) This fund is used to further improve and grow Dash.

Technical Analysis of Cardano(Nov.18th)

Cardano is entirely open source that aims to establish a smart contract platform which focuses on more advanced features. According to the official website, this platform will deliver more advanced features than any protocol previously developed. Some analysts say that this project is being built from the ground up and aims to be the most practical and effective cryptocurrency network ever made. Cardano has own cryptocurrency known as ADA which is designed to work well with regulations and to be accessible to almost anyone. In my opinion, this is a highly speculative cryptocurrency and still very risky but lots of analysts agree that Cardano (ADA) is currently at a point where it has the potential to make very big gains. When we look at this chart we can see that Cardano is moving in “sideways”. As long as Cardano (ADA) is below $0.10 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $0.07 and $0.08 – If the Cardano jumps above $0.08 that would be a “BUY” signal and the open way to $0.09. If the Cardano jumps above  $0.10 that could be a strong signal of the trend reversal and the open way to $0.15. On the other side, if the Cardano falls below $0.07 that will be a strong signal “SELL” signal and the next target could be around $0.06.

Advice: According to estimates, this cryptocurrency has a bright future but I would invest only a small sum of money in Cardano. In my opinion, this project is still very risky and faces several problems. As for the technical picture, ADA remains in bearish phase but if the price advances above $0.10 next targets could be located around $0.12 and $0.15. On the other side, if the ADA falls below $0.07 that will be a strong signal “SELL” signal and the next target could be around $0.060.

Technical Price Analysis of Cardano(Nov.5th)

Cardano is a  computing platform that runs the blockchain for the Ada cryptocurrency. Bittrex was the first exchange and Daedalus was the first cryptocurrency wallet that holds Ada and allowes transfers to other wallet addresses, but there are more to choose from now.
While there are similarities between Bitcoin and Cardano SL, there are also many differences between these two cryptocurrencies. The most significant difference is that Bitcoin is a proof of work type cryptocurrency, while Cardano SL makes use of a proof of stake approach to reach consensus. This encourages honesty and long term participation.
Your money is as secure as the secret key that allows spending it. This means that storing your secret key on a USB flash drive in a safe is equivalent to having banknotes in a safe. Absolutely nobody can steal this money even by carrying out a successful cyberattack.
Cardano blockchain was created by blockchain development firm Input Output Hong Kong (IOHK) and led by Charles Hoskinson, former co-founder of BitShares, Ethereum and Ethereum Classic, and aims to run smart contracts, decentralized applications, side chains, multi-party computation, and metadata.
Some of the problems that cryptocurrencies are facing are: Scalability, Sutainability and Interoperability. Cardano here comes with its layer architecture structure making it stand out in safety and security of the smart contracts. As its divided into layers, the security is heightened as the processing done by the following layer [part] is made independently from the previous. Such the information is handled safely and not shared.
The price of Cardano (ADA) is set to increase by 8,000% before the close of 2018 according to supporters of the project. Despite the July 31 Cardano price chart showing a 9.45% 24-hour price drop, insiders remain bullish at the token’s long-term prospects.
It’s advisable to stop and not do anything until a sure rise begins in other to avoid another bad timing.