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   2178

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 Huobi.pro list Cardano

The reason for this was the listing of Cardano on major exchanges. Yesterday, the addition of ADA was announced by Huobi.pro, 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.

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   589

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.