Cardano (ADA) hits new $0.000299999999999995 price after 0.14% increase for a day

Cardano (ADA) hits new $0.000299999999999995 price after 0.14% increase for a day

But the risk taste for ADA is strengthening on Binance as well, where on April 16 the ADA/BTC pair was the second most active, displacing other pairs from the top spot.

Analysts say the latest listing is a big development for Cardano, and that there is a possibility the listing skyrockets the value of the smart contract platform.

After weeks of drifting, Cardano (ADA) is starting to move, and at one point was up more than 55% on a weekly basis, from recent lows around $0.15.

When Cardano entered the cryptocurrency markets, the timing was just ideal as the entire market was bullish and the bull-run became even stronger over the last few weeks of December and the first week of January. The development was made known in a statement by the exchange platform stating that depositing ADA would become available April 16 on the Huobi Pro worldwide trading platform, and specifically, trading will commence a day after the listing. It even traded above the $0.2300 level recently before facing sellers.

Mixin (XIN) traded down 3.3% against the dollar and now trades at $352.55 or 0.04368490 BTC.

Particl (PART) traded down 5.2% against the dollar and now trades at $13.70 or 0.00171242 BTC.

Dropil (DROP) traded up 2.1% against the dollar and now trades at $0.0042 or 0.00000051 BTC.

Cardano is expected to continue this momentum over the week and the next targets for the currency are the $0.3 and the $0.35 milestones. Cardano maximum coins available are 45.00B. The founder of Cardano also confirmed the development on his Twitter page. The Reddit community for Cardano is /r/cardano and the currency's Github account can be viewed here. Cardano's official message board is forum.cardanohub.org.

According to CryptoCompare, " Designed and developed by IOHK in conjunction with the University of Edinburgh, the University of Athens and the University of Connecticut, Cardano SL (or Cardano Settlement Layer) is a Proof of Stake cryptocurrency based on the Haskell implementation of the white paper "Ouroboros: A Provably Secure Proof of Stake Blockchain Protocol" by Aggelos Kiayias, Alexander Russell, Bernardo David and Roman Oliynykov". The price of ICON (ICX), better known as South Korea's Ethereum, also recorded significant gains against both the U.S. dollar and bitcoin. Investors seeking to acquire Cardano must first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX.

Getting your cryptocurrency listed on a major exchange has to be one of the most important things on your to-do list.

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