Cardano (ADA) continues to grow in a very competitive cryptocurrency market. There are many factors that could help the price of this digital asset to grow. Users expect Coinbase to list Cardano in the near future and it could also receive support from Ledger.
Cardano Fundamentals Look Very Positive
Cardano looks very positive for the future. There have been different altcoins that have been increasing in price during the last weeks. That includes Litecoin (LTC) and Binance Coin (BNB) that are among the top 10 largest cryptocurrencies.
However, in the last 7 days, Cardano has been the second largest gainer among the top 14 digital currencies in the space. According to data provided by CoinMarketCap, Cardano grew over 10% in just a week. This is much more than what Bitcoin (BTC), Ethereum (ETH) or XRP grew during the same period of time.
But which are the reasons behind this growth? The first thing that is worth mentioning is the fact that Cardano could be added to the Coinbase platform in the near future. Back on July 13, 2019, Coinbase announced that they were exploring the addition of Cardano, Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX), to their platform.
Until now, all these digital assets, are even many others, have been already added to the platform. Thus, Cardano could be one of the next coins to be added to the exchange and trading platform. In the last month, Coinbase added support to XRP and also Stellar Lumens.
At the same time, the Cardano Foundation was included as one of the founding members of the International Association for Trusted Blockchain Application (INATBA). The main intention of the INATBA is to further the progress of blockchain technology and crypto-related adoption in Europe.
In addition to it, Charles Hoskinson, the founder of the Cardano Foundation, has also informed that ADA will be integrated into the Ledger Wallet in the near future. Ledger is a cryptocurrency wallet manufacturer located in France and that produces the most popular hardware wallet in the market.
Charles Hoskinson wrote about it:
“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.”
This shows that Cardano has many reasons to be bullish these days. At the time of writing, ADA is the 11th largest digital asset and it has a market capitalization of $1.31 billion. Each ADA coin can be purchased for $0.05 according to CoinMarketCap.