The Cardano (ADA) rate has grown by 20% over the past day. This was preceded by the announcement of the Coinbase exchange about the upcoming listing of the cryptocurrency.
Coinbase has already started accepting incoming transfers to ADA and will open trading on March 18, subject to liquidity requirements. The cryptocurrency is being added to the professional trading platform Coinbase Pro. Coinbase.com retail portal and ADA mobile app will not be available for purchase at this time.
The exchange notes that it will only support withdrawals to Shelley network addresses – they have the “addr1” prefix. Full support for the Byron network is promised to be implemented in the near future. Cardano’s roadmap is divided into five eras: Byron, Shelley, Goguen, Basho, and Voltaire. The Goguen phase is expected to launch over the next months and bring support for smart contracts.
The ADA rate in February rose by almost 300%. After the announcement, ADA regained its place in the top 4 cryptocurrency market. As of this writing, ADA is trading at $ 1.22, below its all-time high of $ 1.48 on Feb.27.
Bloomberg added ADA to its terminal last week. Reportedly, only a description of the cryptocurrency was added, without the ability to track its rate. Bloomberg also published an article on Sunday about Cardano’s success in the market.
Not long before, Galaxy Digital CEO Mike Novogratz tweeted:
“Can anyone describe a real bullish scenario for the ADA? Is someone creating on it? Is using it? Why such a large capitalization? Should it become a funding asset? This is one of the few cryptocurrencies that I have not traded in my life. “
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