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Cardano (ADA) Volumes Almost Double, CoinBase Could Trigger Rally



  • Cardano (ADA) price up 17.4 percent
  • CoinBase could offer support for ADA
  • Transaction averages almost double in the last two weeks

After dropping from the top 10, Cardano (ADA) is up 17.4 percent in the previous week. Because of this, it is one of the top performers and could register more gains if CoinBase supports ADA.

Cardano Price Analysis

Fundamentals

On one end, CoinBase never-ending controversy makes them appear weak. However, as the third most liquid exchange after Binance and Liquid, their influence cannot be written off. The CoinBase Effect may be waning after the exchange’s effort of increasing the number of coin offering. Regardless, listing exposes the asset to more than 25 million customers tagging extra demand from an exchange that is secure (never hacked) and insured.

Back in Q2 2018, CoinBase said they were exploring five coins including Cardano (ADA). During their consideration, they would work with banks as well as regulators to enable the roll out in as many…





Read Full Story : NewsBTC

2019-03-16 19:00:18

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