The cryptocurrency market has been bearish for a while now. However, some coins are doing relatively well irrespective of the negativity in the market. One of such coins is Cardano (ADA). This year, the Cardano platform has been working on various technological advancements that will ensure the future of the cryptocurrency. Even with the price fall, there have been many exciting developments on the platform.
Cardano (ADA) Gets Increased Exposure
Even though the price of ADA has been falling along with other cryptocurrencies, the platform has gotten a lot of exposure especially in developing countries. Being added to many cryptocurrency trading exchanges has also contributed in Cardano’s exposure. Recently, Cardano was added to the popular cryptocurrency exchange, Bittrex. This increased the confidence of investors in the coin.
Cardano (ADA) Price Today – ADA / USD
Also, Cardano is now part of Abra wallet. Being brought into these two families is a big step for Cardano. The fact that Cardano is getting added to more exchanges shows that the demand is increasing. Cardano is one of the few cryptocurrencies that has a potential for liquidity. The primary goal of the platform is not to increase the value of the coin but to reach those in developing countries. These countries typically have limited access to banking services but they have access to smart devices making them excellent targets for cryptocurrencies such as Cardano. Cardano has moved a few steps closer to offering these service to people in developing countries through this partnership with Abra and Bittrex.
Cardano (ADA) Price Analysis Now
Even with the good news, Cardano is still trading in red. At the time this piece was written, it was trading at $0.070947. This indicates a 5.65% fall against the USD and a 5.24% against Bitcoin. The trading volume within a 24 hour period is $43,369,191 while the total market capitalization is $1,839,439,493. This is according to the data on CoinMarketCap. The next few trading sessions will determine if the price action of Cardano will change.