After the partnership announcement between Cardano and Coinbase, ADA token rallied high in the market, overtaking Binance Coin (BNB) on the table.
Today, July 3, Cardano developer, IOHK, announced it collaborated with Coinbase Custody in a partnership deal that will make it possible for Cardano enthusiasts to stake their ADA assets securely using cold wallets.
The inclusion, as said by Cardano, will be available once the much-celebrated Shelley mainnet is fully available for use.
CEO of IOHK and co-founder of Ethereum, Charles Hoskinson, says Cardano can invent revolutionary ideas for the financial and investment world, bringing the dejected and deprived section of the world’s population golden opportunities like never before.
The custody partnership gives IOHK the room to offer institutional-grade storage solutions to the teeming Cardano community members without defaulting any security or regulatory standard.
The Shelly launch has brought IOHK and the whole Cardano ecosystem into the limelight again. During the Cardano Summit, nothing less than 10,000 viewers were gathered at the virtual summits with different discussions, featuring reputable personalities from within the tech space.
Hoskinson observed that the virtual Cardano summit appeared to larger than Consensus due to the number of attendees that were remotely gathered at the event.
I just want to point out that the Cardano summit is larger than consensus. Nearly 10,000 people have attended so far
The virtual conference is coming to an end today, however, a $20 million dev fund in collaboration with Wave Financial Group, was announced yesterday.
Cardano showcased its new website and new brand known as “Project Renovare” courtesy of McCann Dublin, a world-renowned firm engaged in brand and marketing.
Cardano Outpaces Binance Coin to be Ranked 8th with Significant Value Addition
The native token of Cardano blockchain technology, ADA, has defied all odds in the market, adding significantly to its market cap and value despite the bearishness waylaying the entire crypto market at present.
While the likes of Bitcoin, Ethereum, XRP, Litecoin among others continue to trend on the downward side, Cardano (ADA) continues to rally on the upside trend with over 3% added value in the last 24 hours according to CoinMarketCap.
Thanks to the steady value rise Cardano has been maintaining in the last few days, ADA has surpassed Binance Coin on the crypto market table to be ranked the 8th largest cryptocurrency by market cap, barely 36 hours after it surpassed EOS.
A month after Cardano debased Tezos cryptocurrency from the 10th position, the former yesterday, July 2, outshined EOS to be ranked the 9th largest cryptocurrency by market cap.
At press time, a unit of ADA is priced $0.0980 after adding about 3.6% to its value against the US Dollar in the last 24 hours.
No doubt the last few weeks have been intriguing for Cardano blockchain and its community considering the buzz created by the launch of Cardano Shelley and the continuous price rise of the Cardano token.
However, Cardano has launched the much expected Shelley mainnet, but the blockchain foundation seems to have more announcements that will rock the space, as it keeps to inundate the blockchain industry with a number of updates.
Charles Hoskinson, the CEO of IOHK, the tech company behind Cardano, earlier boasted that if Cardano continues to remain committed to its goal, the cryptocurrency will grow bigger than Bitcoin in the future. Nevertheless, Hoskinson affirms that Bitcoin is the trailblazer of the industry, and its legacy should be followed for any crypto willing to be successful.