Cardano (ADA) Price Increases Significantly As Emurgo Develops Its First Wallet On The Network Of Cardano

The firm “Emurgo” is owned by one of the founders of Cardano (ADA) – Ken Kodama, and the firm recently announced that it developed Yoroi (the first product of the firm) on the platform of Cardano (ADA). Yoroi is a versatile and secure wallet for Cardano (ADA) designed by the engineering firm behind Cardano – IOHK.

According to Kodama, Yoroi was designed in accordance with the best software practices and it has passed through several security audits. He added that the fast and secure wallet was designed with the day-to-day use of the Cardano (ADA) client.

Emurgo – the Japanese-based firm – earlier entered into a partnership for the marketing and promotion of blockchain-related businesses for the platform of Cardano. What’s obvious is that the firm believes that launching the wallet on the Cardano network is a positive step in their commercialization efforts on the blockchain project.

The Cardano Roadmap Has Been Updated

According to a tweet by Cardano, the roadmap of Cardano (ADA) has been updated with the announcement of Project Icarus and Yoroi.

Cardano (ADA) Still Has the Potential to Excel

The digital currency market is currently in one of its toughest phases. Nevertheless, data shows that the blockchain project has been able to maintain a relatively stable price. Cardano (ADA) has also experienced a significant increase in its value over the past twenty-four hours.

Cardano (ADA) is currently ranked at number 8 on the list of top digital currencies in the market, though the digital currency is yet to meet its full potential and the team behind it has not stopped pushing the coin higher.

Cardano (ADA) Price Today – ADA / USD

Name Price24H (%)
Cardano (ADA)
$0.082064
-1.22%

Cardano (ADA) is presently worth $0.1045 in the market after gathering gains of more than 4 percent over the past twenty-four hours. The digital currency currently boasts of a market cap of $2.71 billion and its trading volume over the past twenty-four hours is $122.75 million.

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