Today, Huobi cryptocurrencies exchange, the biggest Chinese one and the second most important exchange in the world, listed Cardano (ADA), a fact that should boost ADA value against the USD.
The listing of Cardano (ADA) on Huobi has been announced via the cryptocurrencies exchange site, earlier:
Cardano (ADA) will be launched on Huobi Pro on April 16, 2018 (GMT+8). Deposits will be available from 14:30, April 16 (GMT+8). ADA/BTC, ADA/ETH and ADA/USDT trading will be available at Main Zone from 14:00, April 17, 2018 (GMT+8). Withdrawals will be available from 14:30, April 19 2018 (GMT+8).
Cardano (ADA) Price Soared After The Announcement Has Been Made
The announcement from Huobi created a very positive sentiment surrounding the Cardano (ADA) crypto coin. The ADA holders and traders were happy to notice that Cardano (ADA) significantly soared up today.
At the moment of this article, ADA is trading at $0.245 increasing by a little more than 12% in the last 24 hours. Even more, ADA is, at the moment, the only top 10 cryptocurrency which shows gains, while the other 9 coins deepened into the “red zone”.
Moreover, Cardano (ADA) is on the second place in the cryptocurrencies market, in terms of the last 24 hours gains, being surpassed only by Populous (PPT).
As Huobi listed Cardano (ADA), the ADA price is expected to increase even more.
What does Cardano (ADA) offer?
Cardano (ADA) is a decentralized cryptocurrency with a very interesting blockchain technology offering smart contracts in a manner that is meant to totally revolutionize the cryptocurrencies market and, subsequently, the blockchain technologies.
Its Ouroboros PoS (proof-of-stake) is an algorithm which dictates how the network nodes reach consensus and “is a crucial part of the infrastructure that supports the Ada cryptocurrency and is a major innovation in the blockchain technologies,” as the official ADA site reads.
In short, Ouroboros is meant to provide a less energy consuming and more scalable proof of work protocol.
In conclusion, Huobi, the biggest Chinese cryptocurrencies exchange and the second in the world, just listed Cardano (ADA) and helped ADA price to soar up, an uptrend which will be kept for the next days, most probably.
Jackson Bey was born and raised in Lethbridge Alberta but moved east when he was 22. Apart from running his own consulting firm. Jackson spends his time canoeing the many lakes of Ontario. As a financial journalist Jackson has published stories for CBC Business Online, as well as Buzz Feed and Motherboard. As a contributor to Billionaire 365, Jackson mostly covers markets and trade.