Over the last few weeks, the Cardano blockchain has been on the rise with the possibility of entering the DeFi market, ADA has entered a year-round rally of over 1.000% ROI.
In 2020 it was down about two cents, the cryptocurrency now in third place by market value trades at $2 each, highlighting a monstrous 18.000% rise from the bottom.
Exchange PrimeXBT merchants can now purchase Cardano and over seven new encryption assets that were listed as part of the company's latest update.
In this article, we will discuss:
PrimeXBT lists Cardano, Solana, Polkadot, Chainlink, XRP, Uniswap and Dogecoin
According to a blog post from the award-winning PrimeXBT via the company's official blog, seven new altcoins and a variety of trading pairs have been added to the already staggering formation of the digital and traditional asset platform.
Few platforms offer forex, commodities, stock indexes and much closer to cryptocurrencies, and never so many cryptographic assets on a single platform with so many other things under one roof. And now, there's even more.
The growing lineup update includes Dogecoin, Solana, XRP, Uniswap, Polkadot, Chainlink and, as we mentioned, Cardano. Each altcoin is traded with leverage of up to 1:20 using margin accounts BTC, ETH, USDT and USDC or even 1:10 for Covesting Strategy Managers, who can now access more profits than ever before with Cardano's new listing.
“Ethereum Killers” and why Cardano is one to keep an eye on?
Ethereum killers are generally blockchain open-source software that capitalize on improving one or more of Ethereum's major shortcomings, such as network speed and high gas fees. Investors hypothesize that other second- or third-generation blockchains, such as Cardano, Binance Smart Chain, and Solana, could take part of Ethereum's market share by presenting better alternatives to users before Ethereum can solve its problems.
Cardano is worthy of a separate call because it leads the rapid growth of altcoin market share. Cardano has already ranked around tenth or less at the top of cryptocurrencies by market capitalization, while today it is number three, behind only Ethereum and Bitcoin.
Cardano is the most environmentally sustainable betting evidence blockchain, as well as the first peer-reviewed blockchain based on real-world evidence and evidence-based methods. It is said to be the blockchain for “agents of change, innovators and visionaries” and is among Ethereum's assassins seeking second place.
Although it competes directly with Ethereum, Plutus smart contracts have just been implemented after the Alonzo rigid bifurcation. Looking ahead, Cardano Summit 2021 will be held on September 25th and 26th, which could lead to more positive fundamental news for the cryptocurrency project founded by Charles Hoskinson.
The debut of Cardano's Plutus scripts will allow dapps to run and DeFi to flourish on the platform. Developer Inputs The output reminded the Cardano community that there may be “bumps in the way”. However, the cryptographic community remains bullish on altcoin, with price targets reaching $10 per currency.
ADA Trading Pairs on PrimeXBT
At just $2 per ADA currently, trading long on the ADAUSD or ADABTC trading pairs recently added by PrimeXBT to the above price predictions can be a trade for a lifetime. If markets go lower and these targets are not reached before the next downtrend, PrimeXBT allows traders to sell these trading pairs as well.
Alongside record-breaking assets like Cardano, PrimeXBT also listed Dogecoin, Polkadot, Chainlink, XRP, Uniswap and Solana, joining Bitcoin and Ethereum Litecoin, forex currencies, stock indices, commodities and more all available in a single account. There has never been an opportunity for such portfolio diversification under one roof.
The multi-asset margin trading platform also offers built-in charting tools, personalized service with dedicated account managers, the highest level of asset protection, advanced order types, Covesting copy trading module and many other advantages and features designed for beginners and professionals. As part of the constant innovation, the Covesting Yield Account system will be launched next, with the new asset list now in hindsight. In the coming weeks, the APY generation tool will come into operation. Don't miss out on the new features or whatever the PrimeXBT platform will bring you.
