Coinbase Pro Is Adding Support For ADA

By lordneroo | Crypto Hustling - Airdrop Sniping | 16 Mar 2021

Trading is expected to begin on Thursday March 18.

It's been a good couple of months for Cardano's ADA, which is currently a top 4 cryptocurrency with a total market capitalization of roughly $40 billion. At the moment of speaking, ADA is cruising well over the $1.20 mark.

Cardano's ADA is currently demonstrating growth of approximately 15% over the last 24 hours, and market indicators reveal that it may keep climbing for now. It is worth noting that ADA recently scored a Bloomberg Terminal listing, which will inevitably bring exposure to a wide range of investors.

According to recent reports, Cardano (ADA) has added to the Bloomberg Terminal. The platform is utilized by expert traders.

Source: investing.com

As you can understand, a lot of good things have been going on for the project over the last few weeks, and it is all being reflected on its USD and BTC price now. Can we expect more of the same in the coming weeks with the news about Coinbase Pro adding support for ADA?

Nobody has a crystal ball, but the signs are very good. So, unless BTC takes a massive dive and drags everything else to hell with it, ADA stands a good chance of pumping in the next few weeks. However, this is not financial advice ;)

With record breaking trading volumes, ADA has been racing again and looks like it's about to reclaim its place in the top three, and the recent announcement by Coinbase Pro will definitely add to the hype around ADA and push the cryptocurrency further upwards.

Starting Today Tuesday March 16, transfer ADA into your Coinbase Pro account ahead of trading. Support for ADA will be available in all Coinbase’s supported jurisdictions. Trading will begin on or after 9AM Pacific Time (PT) Thursday March 18, if liquidity conditions are met.

Source: blog.coinbase.com

This is undoubtedly great news for ADA holders, and how about that for timing. The crypto space is stronger and healthier than ever, and has been attracting major attention lately. From payment giants to huge retail and software corporations, everyone wants a piece of the crypto pie. And it's only the beginning.

The nice green candle that took us over 2,190 sats was followed by a smaller one that drove ADA above 2,240 satoshi on Binance's ADA/BTC. As we speak, ADA is swinging around the 2,142 sats mark, and showing signs that it's about to explore previous highs again.

ADA/BTC market depth on Binance tells a similar story, with roughly 1.5 million ADA tokens waiting to be grabbed at 2,200 satoshi, and sell walls demonstrating a clear tendency to move North for now. Market sentiment has always been a major factor playing a significant role in shaping prices, and this is exactly what we're seeing with ADA at the moment.

I expect ADA to keep breaking one record after another in the coming months, but this is just my humble opinion and you should take everything you read in this post with a grain of salt. One thing is for sure though: the crypto game is still in its infancy stage, and there's plenty of room for many winners in this race. And ADA has secured its place in the top 5, showing the crypto world it's here to stay.

Are you holding ADA?

Thank you for your attention

Alright guys, that's it for now. I sincerely hope you learned something new today. Thank you for taking the time to read those lines.

Just my two cents. This is by no means financial advice. Just sharing my personal views and experiences. Please do not take my word for your investment choices, and always do your own research.

Stay safe and have a good one,
@lordneroo

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