ADA is setup for a breakout with it forming a potential inverted head and shoulders bottom right below the 200 day ema.
Cardano is the name of a blockchain-based computing platform that like Ethereum runs settles financial transactions, runs and hosts smart contracts, runs and hosts DApps, and more. Its native cryptocurrency token is called ADA.
Cardano is a newer project and is promising a lot (more than just financial transactions, smart contracts, and DApps… check out the link above). If Cardano can accomplish everything it promises (so far so good) it could be a big player in the future of cryptocurrency.
In cryptocurrency staking is, from a user perspective, like being paid interest for holding a coin.
TRX, ADA, BCH, XRP, and LTC have all had impressive runs recently, as did ETH in its own right. Meanwhile BTC is holding its ground.
A while back Coinbase said it was exploring adding ZRX, ADA, BAT, XLM, and ZEC. Since ZRX was added, there is good reason to pay attention to ADA, BAT, XLM, and ZEC.
Bitmex is a crypto derivatives exchange that uses high leverage and margin trading and is open to many non-U.S. citizens. They have been the highest volume exchange in the 2018 bear market.
Let’s look at some of the top cryptocurrencies that aren’t Bitcoin. Longstanding popular alternatives to Bitcoin including ETH, ETC, XRP, XLM, LTC, XMR, ZEC, NEO, and DASH. New top coins include BCH, EOS, ADA, IOTA, TRON, and ZRX.
Cardano is an open sourced multi-layered blockchain-based computing platform developed by IOHK that can be used for both financial transactions and distributed computing. Cardano’s native cryptocurrency token is ADA and its platform can be used to create and run smart contracts, DApps, and more.
Cardano (whose token is ADA) is an evolving and ongoing project developed by IOHK. IOHK’s latest accomplishment is, in simple terms, the implementation of a test network for its smart contracts on Cardano.
Coinbase is exploring adding Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX) to Coinbase and Coinbase Pro for buy / sell / trade.
Below is a list of important cryptocurrencies and additional resources you can use to learn more about all the different cryptocurrency types.