Interesting Week for Cardano (ADA): Are We Witnessing a Comeback?
2018 began for Cardano (ADA) in a very high fashion, hitting the $1 mark early, what followed has been constant decline and fluctuations.
However, the last one week has brought back a wave of positive news for Cardano, from price rise to great new listings to upcoming events, it just seems to get better for ADA with every day that passes.
It Just Gets Better for Cardano (ADA)
Rumors of getting listed on Binance Exchange alone is enough to stir up excitement within the members of a crypto community.
For Cardano (ADA), it just got better than that, as Binance finally announced the listing of Cardano coins on the leading platform. ADA can now be traded for Binance coin (BNB) and Tether (USDT) on the platform.
Following the listing on Binance, Cardano (ADA) has been listed on CoinSwitch for exchange. CoinSwitch is an aggregator in partnership with major exchange platforms including, Bittrex and KuCoin. CoinSwitch lets users trade with the best prices on these platforms without needing to open separate accounts.
Cardano Foundation also announced the listing of Cardano on a major Chinese digital currency trading platform, Huobi. There have been rejoicing in the Cardano community as the price of the altcoin has been on the rise in the past week.
However, it is expected that the increased trading volumes arising from these listings would initiate a price increase for Cardano coins (ADA).
Cardano is Slowly Creeping into Shelly
Cardano was released as a more centralized platform, which has been a source of constant backlash. However, with recent releases and updates, Cardano has slowly progressed from the more centralized Byron Phase into the decentralized Shelly phase of development.
As a preparation for integrating the community into its system, the IOHK team of Cardano has invited members of her community to register their interests in running a stake pool in the Shelly testnet. You can fill the stake pool registration form on their website, and become a part of Cardano’s march into decentralization.
Insights into Cardano Development: Past, Present, and Future
“Insights into Cardano Development: Past, Present and Future” is the topic of Cardano’s upcoming London meetup. The meetup is scheduled for April 25th at the University College of London. This promises to be an interesting one, as the topic would be presented by the Director of Engineering at IOHK, Duncan Coutis. Save the date.
Price and Status of Cardano (ADA)
With Bitcoin leading a crucial market recovery, most altcoins are in the green, making comebacks with every passing hour. Cardano (ADA) is one of two altcoins in the bullish market, experiencing price lifts of over 60% in the last one week, starting at $0.15 and closing yesterday at $0.29.
At the time of this writing, Cardano coin is trading at $0.285 apiece. As a result of a 4.9% backdrop, it now has a market cap of $7.381 billion USD, which makes it the 7th cryptocurrency by the same standard. Prices of Cardano (ADA) are down, but we hope the new listing serves as a boost for ADA.