The tenth largest digital asset in the world has proven its worth with its significance in the market. Cardano (ADA) in the market has been in sublime form, as it looks to gain more momentum.
Recently, Cardano got the support of the Ledger Nano S. This is a piece of great news for Cardano community because ADA has a great market. As the investors and users are adopting Cardano, and its increasing demand is pushing its price to go up. Since this news, Cardano has surged up to 6%.
The best part for Cardano (ADA) is that it has had a brilliant week and the support of Ledger Nano S has made it even better. In the last seven days, ADA has risen up to more than 20%, which makes it the leading asset among top 10 coins.
The ledger Nano S is one of the top crypto devices used to HODL digital assets. It provides secure and reliable solutions for cryptos and blockchain applications. The beneficial supporter of this Ledger is EMURGO, which is one of the core parts of Cardano’s network. EMURGO is the one looking after this Ledger Nano S Support and hopes to have a prospers future ahead.
One of the major aspects of Cardano blockchain has been its upcoming Shelley update. This Shelley update would be one of the major breakthroughs for ADA network. The expected date of Shelley release is almost near, let’s see what are the plans of Cardano (ADA) because all eyes are set on ADA’s upcoming update. This is one of the reasons that ADA has performed so well in the market in this whole week.
The Shelley update will bring in more new features and the most important of all is it would become a more decentralized network, with the aspects that a decentralized network should have. The Dapps developers would get more attracted towards Cardano and it will strengthen its security.
All the aspects are in favor of Cardano, not just probable predictions, ADA is on a serious track, that will lead it towards mass adoption. The thing for short-term investors to notice is that, if Shelley is not released soon, the price of ADA might drop, so the thing will be to stay patient because they might have to HODL their asset for a longer period of time.
Currently, Cardano (ADA) was trading with a price of $0.0679 USD with a market cap of $1.7 billion and a trading volume of $101 million. The price of Cardano has jumped from $0.04 USD to $0.067 USD in such a less period. Hoping for bigger updates to come, chances are ADA would go further up in coming time.