eToro, the crypto investment and social trading platform, recently revealed that it had listed Cardano (ADA) for trade on its network. The news was announced via social media through the platform's Twitter account:
"Cardano is now officially available on eToro for trading alongside Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP), Litecoin (LTC), Ethereum Classic (ETC), Dash (DAO), Stellar (XLM), NEO and EOS."
eToro followed up their announcement of the listing with a post about Cardano (ADA) in a bid to provide users information about the cryptocurrency. Cardano (ADA), an official top ten digital token by market cap, now joins ten other cryptocurrencies available on eToro's network some of which include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Stellar (XLM.
eToro is a leading social trading provider with a sizable number of registered members. The platform offers an array of trading and investment strategies and was launched in 2007.
The Decision to List Cardano (ADA) Didn't Have Any Impact In Crypto Prices
The move to list Cardano (ADA) on eToro comes in a period where crypto markets are undergoing one of the worst lows this year. Prices have declined in general including that of Cardano (ADA). The wider crypto token market drop that started from January to date has resulted in the digital token falling to as low as 0.13 USD as of March according to cryptocurrency writer, Maryam Manzoor. It is now trading at 0.16 USD.
Considering the current downward price movement in crypto markets (which may have been caused by a number of factors notably the recent Bithumb cyber attack), eToro's decision to list Cardano (ADA) has had no impact on the price of the crypto asset. However, the listing may ultimately mean well for the future of Cardano (ADA), because the listing will give more people access to the digital coin. We will wait to see if the current atmosphere will change in coming days.
Posted from my blog with SteemPress : https://smartereum.com/20139/cardano-price-analysis-cardano-ada-is-officially-now-available-on-etoro-for-trading/