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Over the last several weeks, the peer-reviewed blockchain Cardano and its native crypto asset ADA have been on an absolute tear, adding to a year-to-date rally of more than 1,000% ROI.
From Black Thursday 2020 lows of around two pennies, the now third-ranked cryptocurrency by market cap trades for $2 apiece, highlighting a monster 18,000% surge from the bottom.
Now, PrimeXBT traders can get a piece of the action with Cardano as part of seven new crypto assets that were listed as part of the latest update from the company.
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 platform’s already staggering lineup of digital and traditional assets.
Few platforms offer forex, commodities, stock indices, and more next to cryptocurrencies, and never this many crypto assets on a single platform with so much else under just one roof. And now, there’s even more.
The update to the growing lineup includes Dogecoin, Solana, XRP, Uniswap, Polkadot, Chainlink, and, as we mentioned, Cardano. Each altcoin trades at up to 1:20 leverage using BTC, ETH, USDT, and USDC margin accounts or at up to 1:10 for Covesting strategy managers, who now can access more profits than ever before with the new listing of Cardano.
“Ethereum Killers” And Why Cardano Is One To Watch
Cardano is worthy of a separate callout because it leads the charge of rapidly growing altcoin market share. Cardano was once ranked around tenth or lower in the top cryptocurrencies by market cap, while today, it is number three, right behind only Ethereum and Bitcoin.
Cardano is the most environmentally sustainable proof-of-stake 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 “changemakers, innovators, and visionaries” and is among the Ethereum killers gunning for the number two spot.
Although it competes directly with Ethereum, Plutus smart contracts have only just been deployed following the Alonzo hard fork. Looking ahead, the Cardano Summit 2021 runs September 25 and 26, 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 for DeFi to blossom on the platform. Developer Input Output reminded the Cardano community that there could be “bumps in the road.” However, the crypto community remains bullish on the altcoin, with price targets reaching as high as $10 per coin.
ADA Trading Pairs Now Live At PrimeXBT
At only $2 per ADA currently, going long on the ADAUSD or ADABTC trading pairs recently added by PrimeXBT to the price predictions above could be a trade of a lifetime. If markets turn bearish and those targets aren’t reached before the next downtrend, PrimeXBT lets traders short these trading pairs as well.
Alongside record-smashing assets like Cardano, PrimeXBT has also listed Dogecoin, Polkadot, Chainlink, XRP, Uniswap, and Solana, joining Bitcoin and Ethereum Litecoin, forex currencies, stock indices, commodities, and much more available from a single account. Never has there 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 several other advantages and features designed for novices and professionals alike. As part of constant innovation, the Covesting Yield Account system is due to be released next with the new asset listing now in the rear view. Within the next several weeks, the APY-generating tool will go live. Don’t miss it, the new assets, or whatever the award-winning platform comes up with next.