Friday 02 September 2022 ▪ 2:00 pm ▪
min read – with
Founded in 2008, investment platform Robinhood has continued to expand its offering to its main target, young people. To help crypto trading, this American broker already has many assets listed, to name just a few: bitcoin, ether, litecoin, shiba inu … Recently, Cardano (ADA) made a quote objective. The satisfaction of a not so rich wallet, of course.
Robinhood, completely with cryptocurrencies
The way things are going, Robinhood traders will have all the cryptocurrencies of their choice at their fingertips. Last April alone, Forbes reported that the platform listed popular cryptos such as the Shiba Inu (SHIB), Polygon (MATIC), Solana (SOL) and Compound (COMP). This brought the number of cryptocurrencies available on Robinhood to 11.
A few weeks later, Chainlink (LINK), Uniswap (UNI), Avalanche (AVAX) and Stellar (XLM) joined the herd. Late yesterday afternoon, Cardano Feed informed us that the same online broker has just added Cardano (ADA) to its short list of cryptos. This is to satisfy the demand of Robinhood users who never showed interest in ADA.
They had to write a petition, like Shiba Inu fans, to pressure the Robinhood developers.
Effects on the price of Cardano?
For three months, the ADA has zigzagged between the 3rd and 8th positions of the most valuable cryptocurrencies in the world, according to BTC News. Like his colleagues, he was also eligible for ATH in 2021, more precisely on September 5. As of now, Cardano’s main token was trading at $2.84 per coin.
At the time of writing, ADA is still in the top 10. Specifically, it is 8e position and trades at a price of $0.458753 per piece.
Note also that the ADA has increased by 3% for 24 hours, and – 1.5% in one week. The balance sheet seems to be less convincing with this sign over a month, – 8.3%, and – 84% over a single year.
Still, many expect a surge in value after this listing on Robinhood. To see the aforementioned figures, they must show a little patience before the arrival of this event.
It should also be noted that Cardano is preparing for possible changes in its ecosystem. If indeed the blockchain had just launched its first lending and borrowing protocol Aada Finance, the community hopes to benefit from Vasil’s hard fork that will take place this month.
Of course, from here fork facilities such as Cardano’s improved scalability and transaction throughput will emerge, pipeline helping. And also, it will help boost the capabilities of DApps and smart contracts after modifying the Plutus script.
Several major events are expected in September: the hard fork Vasil of Cardano, the Merger of Ethereum, etc. Investors wait impatiently to the point of panic about the outcome of their investments. However, we will agree that the prices of altcoins are strongly intertwined with the prices of bitcoin. To help them go green, nothing beats a helping hand from buyers.
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The blockchain and crypto revolution is underway! And the day the effects are felt on the most fragile economy in this world, against all hope, I will say that I was involved.