Analytics / Forex and Crypto News
On March 16, Cardano's price rose from $1,03 to $1,22. The rise in the cryptocurrency rate is associated with the decision of the Coinbase Pro exchange to add Cardano to its listing. This news was published on the exchange website. From March 16, it became possible to make a deposit in Cardano, and you can trade cryptocurrency from March 18.
It's worth noting that February and March are successful months for Cardano. Since the beginning of February, the Cradano rate has grown from $0,34 to the current $1,23. Thus, the price of the cryptocurrency rose by 263%.
Thanks to the listing news, Cardano peaked at $1,29356. But at the time of publication, the ADA/USD pair is trading around $1,23.
It’s worth noting that in February the price of Cardano reached $1,48.
Another factor supporting Cradano was the recent decision by FD7 Ventures to create a $250 million fund focused on Cardano and Polkadot (DOT). The company raised funds by selling bitcoins for $750 million.
As a result of yesterday's growth, Cardano's capitalization today exceeds $39,643 billion.