Cardano skyrockets due to technical updates

The price of Cardano cryptocurrency rose more than 300% within past 7 days due to the system updates and work on improving Bittrex withdrawals
18 December 2017   1003

Cardano, a coin that was engineered by a global team of scientists and academics who have studied the blockchain technology, has been on the list of top 15 cryptocurrencies ranked by market capitalization for quite a long time, but it has moved as up as to the 6th position just some time ago, having risen almost 330% in price during past 7 days.

List of top cryptocurrencies ranked by market capitalizationList of top cryptocurrencies ranked by market capitalization

The price of Cardano remained relatively stable until December 14 when Cardano technical Report was published on the official website of the currency. Cardano increased from $0,13 to $0,23 within one day and the its market capitalization rose from $3,5 billion to $6 billion.

Cardano ChartsCardano Charts

The major updates listed in the report included:

  • Further work on the Monad stack proposal and the upcoming new approach
  • Finishing work on the initial version of the block processing technical documentation
  • The preparation of the exception handling refactoring proposal
  • Finish of reporting mechanism review
  • Start of the work on the code diagram for CSL
  • A release of master on the dev cluster
  • A mainnet update (v1.0.3)

At the moment of press, these are main market parameters of Cardano:

  • Average price: $0,48
  • Marketcap: $12 622 931 343
  • 24h volume: $415 557 000

Ledger Nano S to Support Cardano

Ledger says the company sold more than 1.5 million hardware wallets and is the leader among manufacturers of such devices
28 March 2019   276

The French manufacturer of hardware wallets Ledger reported that Cardano is now available in the popular Nano S device.

The company's blog also says that Ledger Nano S is now compatible with the Yoroi wallet, developed by EMURGO, the Cardano business unit. In addition, the corresponding Ledger application can interact with the ADALite wallet.

According to representatives of Ledger, the company sold more than 1.5 million hardware wallets and is the leader among manufacturers of such devices.