Tag: Cardano

Understanding Crypto: A Simple Guide

Understanding crypto
Crypto for beginners – Understanding crypto – A simple crypto guide

Published by FrankNez Team

There’s no denying that cryptocurrencies have had unmatched popularity over the past few years. As of February 2022, there are about 10,000 different cryptocurrencies in circulation, and this number is growing at an unprecedented pace.

You can check out the article about best cryptocurrency exchanges.

Such pace has further fueled the growth and development of blockchain technology, with projections suggesting the international blockchain market will reach a value of $23.3 billion by the end of 2023.

Despite this growing prevalence and popularity of cryptocurrencies, widespread confusion still remains associated with them.

Are you someone with a similar confusion too? Let’s take this opportunity to better understand cryptocurrencies and what they are all about.

Read: List of 4 Best Crypto Exchanges for Beginners

What Are Cryptocurrencies?

what are cryptocurrencies?
Understanding crypto – what are cryptocurrencies? Crypto guide

Cryptocurrencies are decentralized digital money based on blockchain technology and secured by cryptography. Three primary terminologies make cryptocurrencies what they are. These terminologies include decentralization, blockchain, and cryptography.

Decentralized money is very different from fiat currencies backed by governing authorities such as banks and governments. With cryptocurrencies, there is no authority to take responsibility for the ups and downs in the prices of cryptocurrencies. This enables people to carry out their transactions based on cryptographic evidence instead of trust. 

Blockchain is a digital ledger with distributed access among authorized users. This technology is used to record transactions associated with assets, which is cryptocurrency. Blockchain offers unrivaled transparency about all the information regarding crypto transactions. This recorded information cannot be tampered with or modified even by the administrators, making it one of the most secure ledgers.

Cryptography is a process of using encryption technologies to protect data from unauthorized access. The defining characteristics of cryptocurrencies, such as immutability and privacy, are the result of cryptography.  

Cryptocurrencies were initially introduced in 2009 in the form of Bitcoins. The currency was created by a group of individuals who go by the pseudonym of Satoshi Nakamoto. However, even after its successful launch, it would take years before Bitcoin gained formal recognition and the prominence it boasts today.

How Does Cryptocurrency Work?

Crypto for beginners – Understanding crypto – Crypto guide

As mentioned earlier, cryptocurrencies are not regulated or backed by any authority. Therefore, this works outside the conventional banking system. So, let’s get a better understanding of the working principles of cryptocurrencies.

Mining

Mining is a digital process where one can generate cryptocurrencies by solving complex mathematical puzzles. One will require potent and specially equipped commuting systems to solve these puzzles and get Bitcoins in exchange. This process is very complex, and it can even take thirty days for one to complete the process ideally.

Buying, Selling, And Storing Cryptocurrencies

Fortunately, one does not have to deal with the complexities of mining to get their hands on cryptocurrencies. The more straightforward way to get cryptocurrencies is to purchase them from crypto exchanges or other platforms.

Once bought, cryptocurrencies can be stored in digital wallets, which can be either hot or cold wallets. The hot ones are connected to the internet, while the cold wallets are safer as they are not connected to the internet.  

Investing Or Transacting

Transferring your cryptocurrencies from one digital wallet to the other is very simple. All you will need is a smartphone and access to the internet to transfer your cryptocurrencies. There are also many platforms where you can exchange your cryptocurrencies with fiat currencies. Other than that, you can also get crypto debit cards to withdraw cash, just as you do in an ATM. Aside from that, an increasing number of businesses are accepting cryptocurrency payments.

Crypto payment getaways, such as Coingate, provide secure crypto storage and transactions, making your financial life with cryptocurrencies safe, fast, and more convenient.

Coinbase
Open an account with Coinbase – Crypto for beginners

Everybody is aware of the growing popularity of cryptocurrencies, and there are many factors fueling that factor. These factors include the low transaction fees, as crypto transactions are much cheaper than conventional transactions.

Other than that, the enhanced control and security offered by cryptocurrencies as a single private is the only way to access the cryptocurrencies. This is much appreciated by crypto users who have been battered by the uncontrollable ups and downs of the conventional financial market.

However, the most crucial factor behind the growing popularity of cryptocurrencies is the profit potential. Many people have made great fortunes through crypto investments making it an appealing investment.  

Conclusion: Should I Invest in Cryptocurrency?

Crypto for beginners – A simple crypto guide – understanding crypto

Cryptocurrencies come with numerous advantages making them a safe investment for many. However, they also have their fair share of disadvantages. A couple of qualities shared cryptocurrencies, such as their decentralized nature, unmatched privacy, and security. In addition, the limited and regulated supply of cryptocurrencies makes them a profitable investment.

However, one must not get carried away with these qualities because investment in cryptocurrencies also comes with risks. The highly volatile nature of these currencies makes it very challenging to predict their future value accurately.

Given these factors, it is always best if investors weigh the pros and cons and take calculated risks to invest in cryptocurrencies. Calculated risks can increase the chances of making a profit on your investment. 

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Read: How to invest in cryptocurrency step-by-step for beginners


These Powerful Cryptocurrencies Have Crazy Predictions

Cryptocurrencies List Price Predictions
Cryptocurrencies With High Price Predictions

If you’re new to the crypto world, I’m going to provide you with a list of cryptocurrencies to watch.

Cryptocurrency has earned early investors millions and even billions of dollars in ROI.

You might be thinking, is it too late to buy crypto? The short answer is absolutely not.

And if you’re not invested in crypto yet, I’m going to leave a link at the end of this article of my step by step guide on how to buy cryptocurrencies.

franknez.com

Welcome to Franknez.com – if you’re part of the Patreon you’ve seen when I add a cryptocurrency to my crypto portfolio. Today I want to talk cryptocurrencies and why these powerful assets will keep on surging.

Let’s get started!

Now, a lot of you might be familiar with Dogecoin, Bitcoin, and Ethereum.

These are some of the most popular cryptocurrencies out there.

Just recently Shiba Inu Coin began trending as well.

These so called ‘speculative’ plays have earned investors gains unlike anything else in the markets.

These are only some powerful crypto plays that are nowhere near done growing primarily because of their communities!

#1. Ethereum (ETH)

Ethereum Cryptocurrencies
cryptocurrency list – Ethereum prediction – cryptocurrencies futures

Shark Tank star and Dallas Mavericks owner Mark Cuban just said, “as an investment, I think Ethereum has the most upside.”

And he’s not the only one who speculates ETH is in it’s infant stage either.

But before I continue, this article won’t be about the technical side of the cryptocurrencies themselves but rather a worldview of the crypto’s upside as an investment.

How high are analysts predicting Ethereum to go?

In a recent Forbes article, a panel of crypto experts including Sagi Bakshi and Lex Sokolin predict that ETH could rise as high as $19,842 by 2025 and that by the end of 2022 it could be the most widely transacted cryptocurrency due to its expanding utility in the marketplace”, via Crunchbase.

At the publication date of this article, ETH cryptocurrency is trading close to $3.1k.

Joe McCann, an angel investor and crypto margin trader believes the Ethereum could even reach as high as $50,000.

Ethereum developer and supporter, Anthony Sassano believes ETH can go even higher. Giving it a $150,000 prediction by 2023.

Community, this is insane. In a very very good way.

If we’ve learned anything from AMC and GameStop, it’s that investor sentiment is what drives the markets.

And the crypto community is one of the most bullish investing communities out there.

#2. Bitcoin (BTC)

Bitcoin crypto list - cryptocurrency list
Crypto List – Bitcoin price prediction – cryptocurrencies futures

Bitcoin is probably one of the most if not the most popular cryptocurrencies in the crypto space.

This revolutionary crypto broke the perception of what people ever imagined could become a reality.

To think BTC traded only a few cents during its inception to now trading over $43.8K is astonishing to say the least.

If you’re on the Patreon, you know I bought the dip a few times when Bitcoin was trading around $32k-$38k back in June and July.

Most analysts see Bitcoin reaching $100k per BTC.

In a Forbes panel, the average came to $107K with 1/3 saying Bitcoin will reach more than $120,000.

Capital.com analyst, Mikhail Karkhalev predicts Bitcoin will reach $170,000 by the end of 2022 or early 2023.

CNBC asked Chamath, an early Facebook investor and venture capitalist, how high he thinks Bitcoin will continue to soar earlier this year.

Listen to Chamath’s response below.

Chamath Bitcoin Price Predictions – cryptocurrencies futures

“Where is it going? It’s probably going to 100, then 150, then 200 thousand”. Chamath was one of the first people to invest in Bitcoin a decade ago.

You might be thinking, “is it too late for me to invest in Bitcoin?”

The truth is it’s not. See, crypto exchanges allow you to purchase fractions of Bitcoin or any other cryptocurrency.

As cryptocurrencies go up, your investment will go up, even if you’ve only put $100 in the market.

However, for significant ROI you’ll want to have quite a significant amount of money invested.

#3. Cardano (ADA)

Cardano Crypto list
Crypto List – Cardano – cryptocurrencies futures

Cardano was founded in 2015 by Ethereum co-founder Charles Hoskinson.

It’s ties to the Ethereum co-founder have made it a very popular crypto to buy, especially at it’s incredibly low price.

Cardano is currently trading around $1.18 and traded at $0.02 during its inception.

The trader sentiment is extremely strong with more than 99% of investors currently buying this cryptocurrency.

Analysts want to see this coin reach a new all-time high of $4.

Price predictions for ADA vary:

WalletInvestor predicts Cardano cryptocurrency to reach over $14 by the year 2026. However, they predict Cardano to reach $4.50 in one year.

Based on this prediction, buying today could double your profits in one year from now and multiply it by seven in five years.

ADA is a long-term crypto investment. I’m bullish.

#4. Dogecoin (DOGE)

Dogecoin cryptocurrency list
Cryptocurrencies List – Dogecoin – Cryptocurrencies futures

Dogecoin has to be the biggest meme cryptocurrencies in the market. I would consider DOGE to be one of the riskiest too.

Primarily because of the edge other coins have. Other cryptocurrencies are trying to solve real-world problems where as Dogecoin is a community meme.

However, it’s this community that’s allowed DOGE to be an extremely successful cryptocurrency this year.

It has gained a whopping 9000% just from one year alone.

Just like AMC and GameStop show us, communities are everything. Communities have power and I believe that Dogecoin will continue to surge as long as its community of retail investors want it to.

Dogecoin is currently trading around $0.17 and peaked at $0.74 back in May earlier this year.

You might know Mark Cuban and Elon Musk for being two massive supporters of the DOGE community.

Being in the AMC community, I’m very proud of communities and tip my hat to DOGE for what it’s created.

CryptoNewz predicts Dogecoin hover above $1.07 in the year 2022.

Based on this prediction, you could multiply your money by 4 in the short-term.

#5. (What Do You Think?)

What other cryptocurrency or cryptocurrencies at that, should be on this list?

Do you hold any of these on this list? What’s your favorite coin? Let’s have a discussion. Leave a comment below!

Honorable mentions

  1. XRP (XRP)
  2. Shiba Inu Coin (SHIBA)
  3. Tether (USDT)
  4. Binance Coin (BNB)
  5. Polkadot (DOT)
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Read: How To Invest In Crypto


2022 Will Be Cardano’s Biggest Year Yet [Hot Pick]

2022 will be Cardano's biggest year yet - ADA
Cardano Cryptocurrency 2022 – here’s what to look out for

Cardano (ADA) has not gained much coverage from mainstream media due to other trending topics taking over in 2021.

However, 2022 will be ADA’s biggest year yet.

There’s a lot going on with Cardano and I’m going to break it all down for you in this article.

At the end you will have a clear head to whether ADA crypto could be the right investment for you.

franknez.com

Welcome to Franknez.com – today I’m taking you deep into ADA, what it is, how it works and why 2022 will be a hot year for the cryptocurrency.

Let’s get started!

If there’s another cryptocurrency you think I should dive deep into be sure to leave a comment below at the end of the article.

What is Cardano? What does it do?

ADA Price, what is ADA

Cardano is a blockchain and smart contracts platform with a cryptocurrency called ADA.

The Cardano blockchain was created by co-Founder of Ethereum’s proof-of-work (PoW) Charles Hoskinson, as a more efficient alternative to its counterparty.

Cardano is a third generation, decentralized proof-of-stake (PoS) block chain platform, which is basically an update from PoW enabling better costs, uses energy more efficiently, and speeds up transaction times.

Charles began developing Cardano and its primary cryptocurrency, ADA, in 2015 and launched both in 2017.

At inception, ADA’s price was only $0.11 per token, ADA’s current price is around $1.05 but has reached ATHs of more than $2.

Where will ADA price be this decade?

Keep reading to find out.

But first, why is Cardano trusted?

ADA runs on the proof-of-stake Ouroboros consensus protocol, where developments are informed by scholarly academic research.

What makes Ouroboros accelerating is that it is highly scalable and sustainably secure.

Not only is it the foundation of ADA, but of a blockchain-built future as well.

“At the heart of Ouroboros is the concept of infinity”

Cardano.org

I’m going to get more into all the innovative things ADA will be providing society with because of this technology down below.

But in short, this third-generation tech is much more advanced than that of Bitcoin and Ethereum, again, more on that below.

As society begins to step into the Metaverse, this is where we’re going to see ADA truly shine with its capabilities in blockchain technology.

ADA is technically still in development

There’s a roadmap to Cardano’s incredible madness.

This is why early adopters are getting in on ADA now before it reaches the fourth era.

Because ADA is a leader in its PoS segment, more on that below, scalability will mean you will no longer be able to invest in the cryptocurrency at this price ever again.

Let’s dive in a little deeper.

What era of Cardano are we in?

Cardano Roadmap - 5 Eras of Cardano's development
Cardano Roadmap – 5 Eras of Cardano’s development

There are 5 eras of Cardano’s development.

  1. Byron
  2. Shelley
  3. Goguen
  4. Basho
  5. Voltaire

Thy Bryon era was ADA’s foundation, Shelley was the decentralization step, and Goguen is smart contracts, the era of Cardano’s development we’re currently in.

However, we’re slowing going to begin to see a transition towards the Basho era very soon, the era of scalability.

This is where Cardano will be creating side blockchains to extend capabilities and catering to higher volume transactions.

Here we’ll see ADA’s price really begin to pick up momentum.

And finally, we have the Voltaire era.

This is the final stage in ADA’s development where Cardano will be introducing a treasury system and where network participants will be able to vote on the future developments of Cardano.

During this Era Cardano will be a leader in the crypto world as it already has the technology over Bitcoin and Ethereum.

How will Cardano change the world?

Cardano is currently what Bitcoin was to the world when it was worth only $1 per token.

Bitcoin introduced its PoW technology to the world and created a new form of transacting.

Ethereum then used the same PoW technology.

Cardano on the other hand is using a much more advanced version of transacting through staking (PoS).

You can stake your cryptocurrency with Cardano, essentially earning you interest on your cryptocurrency.

How much can you make staking Cardano?

Currently, 4.60%.

Using Ouroboros, Cardano has is able to securely, sustainably, and ethically scale up to 4 million times the energy of Bitcoin.

In real world, it will change how much more efficiently and effectively businesses make transactions and will play a massive part in the creation of NFTs and avatars in the metaverse.

Cardano and NFTs

NFTs are changing the world as we know it.

Cardano has several awesome NFT projects with many still being highly anticipated for by collectors and artists alike.

With Cardano’s NFT marketplace, gamers also now have an array of NFT gaming solutions.

Cardano NFT Marketplace Gaming
Cardano NFT Marketplace Gaming

The NFT gaming marketplace offers the gamer ownership of the in-game assets.

Literal ownership of a block in a game!

This isn’t your standard gaming process; you literally own technology though this creative way of using blockchain technology.

This new generation of mankind will be owners of technology and crypto, creating a new marketplace of bargaining, appreciation, trading, and investing.

Cardano is leading one of the most advanced and innovative ways to use blockchain technology.

As the metaverse is introduced to society, ADA will be a leader in cultivating that process.

And with the proper systems in place, Cardano will be able to handle scalability perfectly.

Thus, entering the Basho era of development.

Cardano Price Predictions

Most price predictions you see on the internet by mainstream finance platforms fail to recognize the massive impact Cardano will have on society at a macro scale.

As the metaverse continues to unfold this decade, Cardano’s prices will eventually level up to Ethereum prices.

The reason being is that ADA has a fixed supply of 45 billion tokens.

When you take into consideration how cheap ADA is at the moment, as metaverse begins to take over, investors and businesses are going to flock to Cardano’s leading technology and crypto.

And because it is fixed, like Bitcoin, a surge in demand is going to create incredible growth in the next few decades.

Where will ADA price be in 2022?

Founder Charles Hoskinson is predicting Cardano will skyrocket to $20 per token in 2022.

ADA Price Prediction

If ADA reaches $20 per token this year, investors will nearly 20x their investments from today’s current crypto price.

Before we know it, investors and traders alike will ask themselves how they missed this.

ADA is not a short-term play although it has much short-term growth capabilities.

You’ll want to hold Cardano long-term for appreciation as it goes through new eras of its development and use in the real-world and metaverse.

Can ADA reach Bitcoin numbers?

Taking into consideration the incredible scalability metrics ADA has through its blockchain, reaching Bitcoin numbers is certainly not impossible.

This of course would take time, but the cryptocurrency is scarce meaning supply and demand can take the price to unprecedented numbers.

Cardano is a sleeper crypto waiting to be awoken by not only investors, but by the technology and companies that will need it very soon.

Is Cardano (ADA) a buy?

Cardano is most certainly a buy if you’re looking at its long-term appreciation, scalability, and contribution to society in a blockchain and crypto-innovative world.

It’s hard to imagine that Bitcoin and Ethereum were also once trading at ADA’s current token price.

What is the difference between first and second generation blockchain and third generation blockchain?

The third generation blockchain such as Cardano has higher scalability, higher transaction speeds, and consumes less energy unlike the first and second generations, such as Bitcoin and Ethereum.

ADA’s current price is only a time stamp of where Bitcoin and Ethereum once were in our timelines as well.

Where can I buy Cardano (ADA)?

You can buy Cardano through a variety of platforms, but I personally use Coinbase because it’s secure and very easy to use.

ADA Coinbase Price - where to buy Cardano
Cardano Coinbase Price – Where to buy Cardano – ADA Crypto

ADA is sitting triumphally amongst the top 10 most popular cryptocurrencies in the crypto market.

It’s yielded investors a whopping 7,330.54% return since its inception in late 2017.

What I find incredible is that this is only the beginning for ADA.

If you could go back in time today and secure Bitcoin or Ethereum at $1, would you?

I have a feeling ADA is that opportunity again.

The latest Cardano news of 2022

Lastly, I want to share with you this incredible video covered by Max Maher on the latest Cardano news for 2022.

This video is going to further provide you with value on Cardano’s journey for the new year.

The latest Cardano news of 2022 – Cryptocurrency News – ADA crypto

Overall, the sentiment behind ADA’s future is very bullish.

Be sure to bookmark this article for new updates or follow me on my social media platforms below for new content.

What are your thoughts on ADA?

Leave a comment below.

Do you hold the cryptocurrency?

And if so, what about its future excites you?

Subscribe to the blog for more crypto news

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