Cardano (ADA) continues to maintain its movement on the pathway of growth since early July. According to CoinMarketCap, it has a market cap of $3.6 billion, which is 8th highest in the market. The coin is maintaining that position despite some challenges in the market. Chances are, ADA can grow its market price if it lists on Coinbase, the biggest cryptocurrency exchange worldwide by trading volume.
Here Are Listing Reasons For Cardano (ADA)
- High supply and low price
A coin that offers high supply and low price is indeed one that deserves preferential treatment. ADA is deserving because it is relatively cheaper than other major cryptocurrencies in the market. This contributes positively to its market cap of $3.6 billion and gives reason to its potential listing soon.
- Efforts to make Cardano (ADA) the most traded coin
The CEO of ADA, Charles Hoskinson, is reportedly working round the clock to ensure that ADA becomes the most traded cryptocurrency. The Ouroborus protocol, its consensus algorithm, is doing well and is a plus for the platform. These are good signs, and if Coinbase lists ADA, more developers will build decentralized applications (DApps) on the Cardano network. The same is happening to Ethereum now.
- A fully decentralized platform
Unarguably, the most important factor that makes cryptocurrencies what they are is decentralization. This is a feature that Cardano (ADA) truly offers. The good part is that this is a functionality that many Coinbase customers are looking for.
- Listing cryptocurrency that ADA team works with
Ethereum Classic (ETC) found its way to on to the Coinbase exchange recently. What is even more interesting is that IOHK, the developer of Cardano (ADA), has strong business ties with Ethereum Classic. As a matter of fact, Hoskinson worked at ETC before giving ADA a try. By listing ETC, it is very likely that Cardano (ADA) may also join soon.
In conclusion, all the salient points above are clear signals that Coinbase could be listing ADA soon. When this happens, it will be a big boost to Cardano (ADA). Yes, Hoskinson believes that the reason for developing the platform is to address all the obvious challenges militating against Ethereum. By listing ADA, it will be yet another step toward making that dream a distinct possibility.
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