Cardano [ADA] building its league! Still stands red at $0.12

Cardano’s stats on CoinMarketCap don’t look tip-top as of now. It has seen a drop of 5.29% in the last 24 hours and dips to 20.96% in the last week. Currently, it has a market cap of $3.2 billion. The last high price that ADA saw in the past one month was $0.23 on June 3rd, after which it dipped to $0.12 on June 24th.

Cardano Foundation recently announced that the latest addition to its trading platform is eToro. eToro is a Social trading platform and multi-asset brokerage company that has registered offices in Cyprus, Israel, and the United Kingdom.

Cardano [ADA] is a decentralized public blockchain and cryptocurrency project. It was formed by blockchain construction firm Input Output Hong Kong [IOHK], which is headed by Charles Hoskinson, the former Co-Founder of BitShares, Ethereum, and Ethereum Classic. Cardano’s protocol is designed to provide privacy rights for users, while also taking into account the needs of regulators.

Cardano envisions to run smart contracts, decentralized applications, side chains, multi-party computation, and metadata. The fundamental features of Cardano that help in achieving its vision include:
* Emphasizing on the growth of the community and their needs.
* Designing a distributed and resilient network true to the original vision of Satoshi.
* Balancing the movement of research and development so commercial advantage does not win out over the application of scientific rigor.

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Bithumb also announced that they will be listing Cardano on June 13th.
Bithumb tweeted:
“Cardano(ADA) and Status Network Token(SNT) will be listed on Bithumb Today!

eToro after the listing wrote on their blog:
“As the blockchain revolution continues, it can be assumed that companies that present added value, such as Cardano’s blockchain development platform, will have a stronger foothold in the market. While some other cryptocurrencies could fall to the ebb and flow of supply and demand, Cardano’s strong, highly-regarded blockchain platform could be a driving force in maintaining its position as one of the world’s leading cryptocurrencies.”

Keven Cerroni, a Twitter user commented:
“Love Cardano, such an amazing team and vision. Dont even get me started on how fantastic the tech is too.”

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Author: MaxPositives
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