Cardano Surges as Binance Lists ADA

In one day Cardano rose more than 22% compared to the peak and by 75% for the week
17 April 2018   1246

Cardano attracts increased attention from cryptocurrency traders again: in the last 24 hours, ADA accounted for about 5% of the total trading volume. For one day, the ADA rose more than 22% compared to the peak and by 75% for the week.

ADA chartsADA charts

Let’s find out the possible reasons for this growth.

Binance and list Cardano

The reason for this was the listing of Cardano on major exchanges. Yesterday, the addition of ADA was announced by, and today it was joined by Binance, where Cardano is the third largest in the volume of trading in cryptocurrency and goes right after Verge.

BinanceBinance lists ADA

In the coming days it will become clear what inflow of USDT should be expected in the Cardano market, as Binance is one of the largest holders of USDT, and its reserves are sufficient for distribution outside the bitcoin market.

Even more interesting is that the growth occurs against the backdrop of increased trading volumes, which have not been outstanding for several weeks.

Cardano partners with Emurgo 

The growth of the ADA course could have been facilitated by the announcement of an agreement with the Emurgo project.

EmurgoCardano partners with Emurgo 

Emurgo is venture capital company who provides entrepreneurs and businesses with the resources to realize their ideas on the Cardano Blockchain. Its core mission is to develop, support, and incubate commercial ventures and help integrate these businesses into Cardano’s (ADA) decentralized blockchain ecosystem.

Upcoming release of Cardano 1.2

In addition, the interest of enthusiasts is partly fueled by the upcoming release of the Cardano software version 1.2. Earlier, the project head Charles Hoskinson wrote that the new version will be released in mid-April after improving performance and eliminating bugs.

Cardano 1.2Charles Hoskinson announces the release of Cardano 1.2

Cardano is currently trading at $0,2 with the volume at the moment of the press is $620 402 000. ADA is placed at the 7th position with a market cap of $6.5 billion.

Cardano launches an update

According to Cardano's roadmap the launch of a testnet is set on April 30 that will bring the integration of smart contracts
12 April 2018   183

Cardano is set to launch its Goguen testnet on April 30. Recently, Cardano team has been busy designing a next-generation virtual machine called IELE and a universal framework to be used as core infrastructure for future blockchain technologies. Testnet version of IELE on Ethereum Mantis client will allow developers and the wider community to test and evaluate the implementation of smart contracts. Developers will also be provided with a specific toolset.

The purpose of the testnet is to receive feedback on IELE virtual machine and smart contract functionality. Developers can familiarise themselves with how the smart contracts work before deploying them on the mainnet. Feedback on any integration issues early on will help Cardano to make improvements when necessary at an early stage.

Overall, Goguen update promises to bring much greater security and dependability to blockchain systems and will reduce the risk of vulnerabilities. At the moment of publication, Cardano's marker indicators are as follows

Average price: $0.188645

Market cap: $4,891,012,222

Volume (24H): $416,858,000