During a less than successful time for cryptocurrencies, Cardano appears to be doing well, after seeing a rise in price, thanks to being listed on Huobi.
As a bit of background on Cardano; it is a decentralised blockchain smart contract platform, that has aimed to completely change the game in the industry. It is the first blockchain that has been developed through scientific philosophy and deep research.
This recent news of an increase in price is a great boost for Cardano. Huobi is the world’s second largest, and China’s largest exchange, so the fact that they have added Cardano is great news for the virtual coin. The news was announced via a statement from the exchange platform, where they said;
“Cardano (ADA) will be launched on Huobi Pro on April 16, 2018 (GMT+8). Deposits will be available from 14:30, April 16 (GMT+8). ADA/BTC, ADA/ETH and ADA/USDT trading will be available at Main Zone from 14:00, April 17, 2018 (GMT+8). Withdrawals will be available from 14:30, April 19 2018 (GMT+8)”.
After the announcement, sale of the smart contracts started to rise. There is hope that this high profile listing will make enthusiasts see a future in Cardano, giving it an edge over others.
There has also been reports that the exchange is planning to pump more value into Cardano, as it has a market capital of $1.2 billion. The exchange was founded in 2013, after the founding team noticed that the world was going digital. They have representations in Singapore, the United States, Japan, Korea, Hong Kong, and over 130 countries across the whole world. The aim of the exchange is to make the financial industry outstanding, and analysts have said that this listing means only big things for the smart contract, and this could lead to other listings in high profile exchanges.