Summary

The article discusses the author's enthusiasm for Cardano (ADA) and Helium (HNT), two cryptocurrency projects with potential for economic and technological impact despite the recent crypto market downturn.

Abstract

The author expresses excitement over the cryptocurrency market's current state, viewing the recent price dip as an opportunity to invest more significantly in Cardano (ADA) and Helium (HNT). Cardano is praised for its energy-efficient proof of stake mechanism, which allows for passive income through stake pools and aligns with the author's values of supporting economic independence and financial decentralization, particularly in Africa. Helium, on the other hand, is noted for its expanding IoT network, which is powered by low-power radio hotspots and is already being utilized for practical applications such as tracking rental scooters and medical devices. The author has personally invested in Cardano and is on a waitlist to purchase Helium hotspots, anticipating a rise in Helium's value as its network grows. The article positions these cryptocurrencies as part of the third generation of crypto technology, succeeding Bitcoin and Ethereum, and emphasizes the continuous innovation and financial opportunities within the space.

Opinions

The author views the crypto market downturn as a buying opportunity rather than a setback.
Cardano is favored for its sustainable proof of stake model and its real-world applications in education and economic development.
The author has a personal stake in a Cardano stake pool operated by an individual in Australia, indicating a preference for supporting smaller-scale, vision-aligned operators.
Helium's practical use cases, such as tracking for scooters and medical devices, are seen as a significant advantage and a step towards widespread IoT connectivity.
The author is optimistic about the potential growth and profitability of Helium as its network expands with the distribution of more hotspots.
There is an acknowledgment of the current shortage of Helium hotspots and the emergence of a secondary market for hotspot hosting, indicating strong demand.
The article suggests that Cardano and Helium represent the next evolution in cryptocurrency, marking a shift towards more sustainable, utility-focused blockchain applications.
The author encourages readers to seek professional financial advice and conduct their own research before investing in cryptocurrencies, positioning the article as informational and not financial advice.

Cardano (ADA) joins with Ethiopia’s Education Ministry and Helium (HNT) wants to build a worldwide IoT network

I’m excited about these two cryptocurrency projects despite the “crypto market crash” of spring 2021.

Cardano (ADA) coin vector created by iuriimotov — www.freepik.com.

I’m excited about cryptocurrency.

Despite the “crash.”

I see this as a great opportunity to buy and catch up. When prices were super high, my little dollar-cost averaging purchases didn’t make that much of a difference.

However, now that everything is on sale, it is time to keep adding to the crypto coin collection.

I’m excited about two coins.

Cardano (ADA)

Cardano is the next wave of cryptocurrency. It doesn’t require energy-intensive mining using lots of computer processing power to mine the coins. Instead, it uses proof of stake that lets Cardano owners put their coins into stake pools and earn a return.

I have a little Cardano in a stake pool run by someone in Australia. The pool has a nice return and the pool operator seems like he has a vision that aligns with my own. It’s nice to be able to create some passive income while helping his family as well as people using Cardano.

That’s the thing I love about Cardano. It is going to help students in Africa. It is also being used for other projects that align with economic independence and financial decentralization.

Home

Blockchain comes of age in Africa.

africa.cardano.org

Helium (HNT)

The other crypto coin that has me excited is Helium (HNT).

My parent’s hometown already has Lime scooters that are using Helium to track their rental scooters as they travel around the university town. Another company did testing on patient trackers that help families and caregivers keep track of Alzheimer patients. They are using Helium for their radio tracking since it is less expensive than using cell phone providers.

Like Cardano, a warehouse full of mining rigs isn’t needed to produce the Helium crypto coins. Low power radio hotspots deployed by Helium miners earn payment rewards for their owners. The Helium hotspots are being used to make a worldwide network for the Internet of Things (IoT), such as property trackers, environmental monitors, lost dog finders, medical devices, rental bikes and scooters, and more.

The devices are already sold out — all of the Helium approved device manufacturers are scrambling to keep up with orders for the hotspots. It will be interesting to see what happens to Helium HNT’s price once hundreds of thousands of hotspots come online later this fall once they are distributed to purchasers. I’ve put my name on a waitlist to purchase some of these devices.

The equipment shortage and the need to space the hotspots out to cover cities and towns has created a secondary market for hotspot hosting. People and at least two companies are taking applications for hosts who will allow the hotspot owners to set up the equipment in their house, office or shop.

I see these two coins as the 3.0 version of crypto. Bitcoin was the first version, Etherium was the second, and now we are entering the third iteration of cryptocurrency.

The beautiful thing is innovation continues and opportunities still abound. The constant advancement in knowledge and technological skill opens up possibilities for all of us to make better lives, whether by using the technology, benefiting from devices and people using the tech, and making some money from investing in the coins.

I’m not a financial advisor, so seek out the help of a professional and do your due diligence if you are interested in these or any other cryptocurrencies. This article is for entertainment and education.