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The latest CV VC report names Cardano as one of Crypto Valley’s top 50

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According to the latest figures from the report regarding the top 50 blockchain companies in Crypto Valley, it is clear that optimism levels are rising among investors and shareholders despite 2018’s bear market.

In a recent report by an investment firm, Crypto Valley Venture Capital (CV VC), Cardano Foundation is among the top 50 blockchain organizations in the world. For the third time in a row, Cardano Foundation has managed to cut the Crypto Valley Top 50 report adding a feather to its cap.

Built on peer-reviewed academic research and scientific philosophy, Cardano has always been hyped as one of the best blockchain technologies in the cryptocurrency ecosystem.

Working in conjunction with IOHK, a technology-based startup company founded by Jeremy Wood and Charles Hoskinson, Cardano is proving to be a force to reckon with in the cryptocurrency space. From its early stages of Byron to the latest update of the Shelley stage, Cardano’s roadmap is proving to be healthy.

The report was printed by investment firm Crypto Valley Venture Capital in close collaboration with PwC’s Strategy and IT department on 30th July. The report analyzes the present state of the Swiss Crypto Valley featuring geographical hotspots, unicorns, market size, regulatory benefits as well as new innovative services.

Decentralized Technologies Silicon Valley

Based in Switzerland, Crypto Valley is the focal point for crypto technologies that are modeled on the Silicon Valley sample. The Crypto Valley is based in the town of Zug which is found in the Greater Zurich area, a location that is fertile for the promotion of budding relationships between startups and regulators attracting talented individuals and entrepreneurs.

Employing over 4,000 professionals, the Crypto Valley is known for assisting interested parties set up their operations in the area. At present, the Crypto Valley tallies more than 800 organizations as actively involved in the cryptocurrency and blockchain environment.

Launched in 2013, the Crypto Valley project is considered as one of the world’s leading environments for cryptocurrency, blockchain, and distributed ledger innovations. Having hundreds of firms thriving inside the particular crypto city, the Crypto Valley deserves credit for creating friendly regulatory frameworks and network effects.

2019 CV VC Findings

According to the latest figures from the report regarding the top 50 blockchain companies in Crypto Valley, it is clear that optimism levels are rising among investors and shareholders despite 2018’s bear market.

Indeed, the top 50 blockchain firms in the Swiss Crypto Valley have managed to double their market valuation in the first half of 2019, shifting from 20 billion US dollars to 40 billion US dollars.

According to the report featuring Cardano Foundation as top 50 blockchain firms, some of the companies that are active in blockchain technology and distributed ledger technologies (DLT) include six unicorn companies that are worth more than 1 billion US dollars each.

According to the CEO and founder of Crypto Valley Venture Capital, Mathias Ruch:

“The last crypto winter that was experienced undoubtedly disrupted the industry. However, despite the winter, companies that have strong foundations and emerging use cases have grown significantly in valuation.”

The CV VC report shows six clear hotspots in Swiss Crypto Valley. The hotspots are made up of Zurich, Vaud, Ticino, Zug, Liechtenstein, and Geneva. Currently, as it stands, Zug is the heartbeat of Crypto Valley having all six Unicorns and over 50 percent of all registered companies residing in its jurisdiction.

Previous CV VC reports showed four Unicorn companies were in operation. Among the four, three are the most significant protocol projects in the world, namely Cardano Foundation, Dfinity, and Ethereum Foundation that have over 40 employees working in Zurich. The fourth Unicorn is mining company Bitmain Switzerland, which is currently gearing up for an IPO on the US stock exchange.

On the latest report, there are two new additions to the Unicorn group, Cosmos Network, and Polkadot, making the current Unicorn number stand at six.

Emerging Crypto Banks are Increasing and Attracting High-level Talents

In 2019, the newly introduced but well-funded Swiss Crypto Bank recorded the highest employee growth across the blockchain industry.

Following the introduction of the Swiss Crypto Banks, many experienced bankers have joined the industry bring onboard experiences and specialist knowledge to the industry.

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Cardano [ADA]

Weiss: Cardano is clearly superior to EOS

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  • Cardano’s Shelley testnet was highlighted as one of the main reasons behind the superiority.
  • The detractors claimed that Weiss Ratings has lost its credibility.

A crypto and financial ratings firm, Weiss Crypto Ratings, has divided the cryptocurrency community on Twitter by claiming that Cardano is “clearly” superior to EOS. 

The company said:

Cardano is clearly superior to EOS. EOS was first to market, but it’s becoming increasingly clear that of the two, Cardano is vastly superior. More details on this in subsequent tweets.

The argument between the rival projects heated up. Weiss followed up its statement in a series of tweets, starting with its observation that EOS has centralization problems. It said:

Not only does #EOS have problems with centralization, but lately, the network has also been unable to process any transactions for anyone who doesn’t have a substantial amount of EOS locked up and staked. This is a result of EOS trying to go with a feeless structure.

In a follow-up tweet, the firm shared more details backing up its claim. It said that Cardano is superior to EOS because it had just completed the first snapshot and balance check of the network for the Shelley incentivized testnet. The tweet claimed:

Cardano completed the 1st snapshot and balance check for its incentivized Shelley testnet. This latest step toward staking will allow investors to earn rewards on their $ADA for the 1st time.

The tweet got mixed reactions from hundreds of users. Some disagreed with Cardano’s superiority by saying that EOS had a far bigger user base and potential. However, despite the vast differences in opinion, almost everyone seemed to agree that Weiss Ratings has lost its credibility. 

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source:fxstreet

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Cardano [ADA]

Cardano [ADA] Rises 2.94% in 24 Hours, Are High Weiss Ratings in Play?

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Cardano [ADA] prices are up 2.81% in the past 24 hours, while the market trades in red. The sudden price rise can be attributed to the fact that recently, Weiss Crypto Ratings tweeted that Cardano is ‘Clearly Superior’ to EOS.

The Case of Weiss Crypto Ratings

Weiss Crypto Ratings, a subsidiary of Weiss Ratings in a tweet recently mentioned that the Cardano Blockchain is clearly much better than the EOS blockchain.

Source- Twitter

Both the blockchains are working earnestly on providing top-notch technological solutions. In order to compete with Ethereum’s blockchain, they are working to provide scaling, performance, and security improvements that would allow their respective blockchains to function at a commercial level on a global scale. Weiss had earlier also spoken well about Cardano. The firm further shared a screenshot which mentions that Cardano[ADA] completed its first balance check on its recently launched Shelly testnet.

Source- Twitter

However, despite this, on Weiss Crypto Rating’s official ranking page, EOS remains above with an ‘A-‘ grade as opposed to Cardano’s ‘B+’ grade.

Source- Weiss Crypto Ratings

Will Cardano Cross $0.44 Range?

ADA was facing major price fluctuations between $0.042 and $0.041. On the 10th of November, it suffered a loss of 3.79 percent and reached 0.041889. The key support levels to look out for lies between $.0421 and $0.041 with resistance at $0.043. If the prices drop they may well stay in the range of $0.40 and $0.41 range. If Cardano [ADA] manages to break resistance at $0.43, the prices may rally to 0.44 range.

Cardano
Source: Coinstats

The price rise has also been accompanied by a significant increase in the market cap. The market cap has increased by $3 MM in 24 hours. Also, more than $15 MM have been added to ADA’s market cap since the starting of the month.

Technical Indicators

Source- Trading View

Relative Strength Index (14)-55.08235689
Stochastic %K (14, 3, 3)-52.19542362
Commodity Channel Index (20)-59.75604573
Average Directional Index (14)- 11.23596077
Exponential Moving Average (5)-0.04345288
Simple Moving Average (5)-0.04341000
Exponential Moving Average (10)-0.04324838
Simple Moving Average (10)- 0.04318600

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Cardano [ADA]

Weiss: Cardano is clearly superior to EOS

Published

on

  • Cardano’s Shelley testnet was highlighted as one of the main reasons behind the superiority.
  • The detractors claimed that Weiss Ratings has lost its credibility.

A crypto and financial ratings firm, Weiss Crypto Ratings, has divided the cryptocurrency community on Twitter by claiming that Cardano is “clearly” superior to EOS. 

The company said:

Cardano is clearly superior to EOS. EOS was first to market, but it’s becoming increasingly clear that of the two, Cardano is vastly superior. More details on this in subsequent tweets.

The argument between the rival projects heated up. Weiss followed up its statement in a series of tweets, starting with its observation that EOS has centralization problems. It said:

Not only does #EOS have problems with centralization, but lately, the network has also been unable to process any transactions for anyone who doesn’t have a substantial amount of EOS locked up and staked. This is a result of EOS trying to go with a feeless structure.

In a follow-up tweet, the firm shared more details backing up its claim. It said that Cardano is superior to EOS because it had just completed the first snapshot and balance check of the network for the Shelley incentivized testnet. The tweet claimed:

Cardano completed the 1st snapshot and balance check for its incentivized Shelley testnet. This latest step toward staking will allow investors to earn rewards on their $ADA for the 1st time.

The tweet got mixed reactions from hundreds of users. Some disagreed with Cardano’s superiority by saying that EOS had a far bigger user base and potential. However, despite the vast differences in opinion, almost everyone seemed to agree that Weiss Ratings has lost its credibility. 

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