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Cardano [ADA] shoots up following blockchain integration and Ledger Wallet arrival

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Cardano [ADA] shoots up following Blockchain Integration and Ledger Wallet arrival
Source: Pixabay

Following its recent overtake of Bitcoin SV [BSV], the now eleventh largest coin in the market, Cardano [ADA], has once again been visited by the bulls. Cardano shot up by over 6 percent to become the highest gainer in the top-15 while the major coins are caught in sideways movement.

The price surge comes after the Cardano Foundation was included as one of the founding members of the International Association for Trusted Blockchain Application (INATBA), as confirmed via a press release from the Foundation. The INATBA aims to further the progress of blockchain technology and cryptocurrency adoption within Europe.

INATBA is a body of SMEs, policy-makers, regulators and civil-standard setting organizations. Cardano will be able to build dialogue with authorities with reference to the regulation surrounding blockchain and decentralized currency and push adoption.

Charles Hoskinson, the founder of the Cardano Foundation, further buoyed the ADA community by a March 14 tweet depicting the first Ledger hardware wallet with a Cardano logo. The wallet follows the early-February news of the ADA ecosystem integrating the Ledger wallet.

Source: Twitter

The February 2 tweet stated:



“We are thrilled to announce that we will be integrating Ledger hardware wallet in our Cardano ecosystem. This means users will be able to hold their Ada offline, through the convenient and highly secure means of cold storage.”

Source: Trading View

The coin’s price began rising from March 9. It increased from $0.042 by 14.28 percent to reach $0.048 in three days. After dropping down to $0.046, the coin saw another 7.82 percent rise in the next two days, pushing the coin just below the $0.05 mark which the coin briefly shot above in late-February and early-January. At press time, the coin has shot up by 5.82 percent.

Cardano has seen its valuation increase by over $200 million in the past week. On March 9, the coin’s market cap stood at $1.102 billion and surged by 16.87 percent to reach $1.28 billion. Currently, the market cap has slightly slipped to $1.27 billion.





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Graduate of Finance and Economics, interested in the intersection of the world of decentralized currency and global governance.

Analysis

Bitcoin SV [BSV], Tron [TRX] and Litecoin [LTC] surge as Bitcoin [BTC] approaches $9,000 mark

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Source: Pixabay

The cryptocurrency market was surging again as the fork coin, Bitcoin Satoshi Vision [BSV], led the rally after a quiet weekend. The collective market cap stood at $268.7 billion with Bitcoin’s [BTC] dominance at 57.4%.

The controversy-ridden BSV managed to outshine the king coin, BTC in the latest surge, even as the latter made another leap over $8,500 and was closing in on the $9,000-mark.

Bitcoin SV [BSV]

The digital asset’s price took a major hit following Craig Wright’s rants and legal notices to several prominent persons in the space. At press time, BSV held a market cap of $1.91 billion and was priced at $106.8 after rising by 17.29% over the last 24 hours. The coin recorded a 24-hour trading volume of $414 million, with Upbit contributing over 9% via the trading pair BSV/KRW.

Source: TradingView

Tron [TRX]

At a time when most crypto-assets cooled down and retired on a bearish note over the weekend, Tron rallied following Justin Sun’s tweet, leaving the community on a bull ride.

“Something huge and amazing going about #TRON and #BitTorrent. I will share with you after June 1. I think I have 70% to win and nail it. Fingers crossed! $TRX $BTT”

TRX rose by 13.70% over the last 24 hours and was valued at $0.031. At press time, the eleventh largest digital coin held a market cap of $2.11 billion and recorded a trading volume of $1.23 billion over the past 24 hours, of which 8.9% was traded via TRX/USDT pair at BW.com.

Source: TradingView

Litecoin [LTC]

Litecoin was trading fairly well, despite few setbacks this year. LTC’s price soared mostly due to the much-anticipated halving event and several institutional adoptions. The fifth largest coin surged by 11.28% over the last 24 hours, catapulting its price to $113.6. At press time, LTC held a market cap of $7.04 billion and registered a 24-hour trading volume of $5.82 billion. Additionally, Coineal contributed a significant 11.3% trading volume via LTC/BTC.



Source: TradingView

Bitcoin [BTC]

The king coin achieved yet another milestone and surpassed $150 million market cap, as BTC approached the $9,000-mark with the latest upswing. It rallied by 8.36% over the past 24 hours and was valued at $8,698. At press time, BTC held a market cap of $154.1 billion and a 24-hour trading volume of $28.7 billion. Besides, 13.07% of the total trading volume was contributed to by Bitmex via XBT/USD.

Source: TradingView





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