Cardano News Today – Great News For ADA As It Gets New Use Case

  • Cardano ADA gets new use case
  • Cardano’s android app now supports staking on Shelley
  • Binance.US supports the ADA/USD trading pair

Cardano news today – Recent events unfolding the behind the scenes for the Cardano network shows progress for the ecosystem. According to reports Cardano’s native digital token ADA has just gotten a new use case. Per the report, the Cardano official wallet, Yoroi, revealed to the public that it’s Android mobile application is now supporting staking on the Shelley testnet. Additionally, the ADA/USD trading pair is now available on the Binance.US.

Users Can Now Stake ADA on Their Yoroi Wallet

In line with the network’s expansion plans, Cardano has revealed a new update from its Yoroi wallet, which will give users the ability to stake ADA on the Shelley Testnet on their mobile wallets. Cardano said that the new feature will only be made available on the Android Yoroi app. Adding that the iOS version of the app is currently under review by Apple and will be released shortly. Although the decision to enable staking on the mobile wallet will offer users more in terms of convenience, Yoroi noted that it is only users who held ADA in the Shelley testnet snapshot phase on November 29, 2019, will have the ability to stake funds.

Binance.US Now Supports the ADA/USD Trading Pair

Cardano news today – While staking remains in the early stages, trading ADA is becoming more and more popular. The most recent of them all is the report that one of the biggest exchanges has listed the trading pair on its platform. The name of the exchange is Binance.US the U. S-extension of Binance exchange. The exchange recently announced the listing, saying that the ADA/USD trading pair and other trading pairs are now available on Binance.US via their trading app.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.137

The listing of ADA/USD is in line with the expansion plans that have been initiated by Cardano. Recall that earlier in the month, CEO, Charles Hoskinson, announced that the crypto entity was in negotiations with some big players regarding listing ADA on their platform. Introducing the ADA/USD pair to U.S. traders has the potential to push the coin’s rally massively. ADA has reportedly seen an incredible uptick this year with a growth of 103% YTD after a relatively stagnant Q4 of 2019. The digital asset has seen it’s price increase by more than 11% in the last 24 hours. Prices have jumped from $0.062 to $0.069. It doesn’t look like there will be a significant consolidation soon. ADA is expected to maintain its upward price movement in the coming days.

In other reports, the CEO of Cardano, Charles Hoskinson has taken to Twitter to reveal his plans to launch a stablecoin on Cardano’s network. He claims confidently that the new coin will surpass DAI in trustlessness level.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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