Cardano News Today – September 28, 2019

  • Cardano Fails to Improve Despite Recent Listing by Binance US
  • How Cardano Has Performed in Recent Weeks

It is normal for any announcement relating to a particular crypto to affect the price action of that coin. This impact can either be positive or negative. However, there have been situations where improvements, deals and other innovation didn’t affect the price movement of the coin involved. For our crypto analysis, we will see the current state of ADA. It appears the recent action by Binance US hasn’t helped the fortunes of ADA.

ADA is Down by 17% Despite Binance Adding Support for it

According to reports, Cardano is still on a downward price action. The digital asset is down by 17% amid a number of broad-based declines for cryptocurrencies. It should be recalled that the recently launched Binance US exchange announced that it had added support for ADA. It appears the announcement didn’t have any impact in the price of Cardano. Binance US was reportedly launched to serve customers in the United States after restricting their access to Binance.com a few months back.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.00

The Cardano community is reportedly looking forward to the Shelly test net launch. This will be an upgrade that will rapidly improve the Cardano ecosystem. The other digital assets that have already been added for trading on Binance US include Bitcoin, Binance Coin, Ethereum, and Ripple’s XRP. Alongside Cardano, going by the new announcement BAT, ETC, XLM and ZRX, are all expected to be traded on the exchange.

Per an earlier report by Cointelegraph, Binance US said it will launch at least 13 fiat-to-cryptocurrency and cryptocurrency-to-cryptocurrency trading pairs. These trading pairs have been listed above. Additionally, after its launch, Binance US services will only be available in 45 US States. 13 US states are not included for now the network revealed.

How Cardano Has Performed in Recent Weeks

This news about Binance US has been squashed aside due to a massive selloff across the crypto market. However, ADA recorded a 17.47% decline in the last 24 hours. The price of the coin is currently sitting at $0.038 per coin market cap data. CoinMarketCap data also shows that the crypto asset has a 24 hour trading volume of $136 million. The coin is currently number 13 in the market with a market capitalization of $990 million.

As part of its international expansion plan, Binance launched a crypto-fiat platform in the United States in the island of Jersey. This is forum for users to trade Euros and British pounds for ETH and BTC.

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