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Ledger ADA Support Leading Cardano To Top 5?

Ledger ADA Support Leading Cardano To Top 5?

Following months of speculation, Cardano has finally been implemented into the popular and secure hardware wallet Ledger Nano S, according to an official announcement by Ledger on 27th March.

The Cardano project has had the implementation of ADA onto Ledger in its crosshairs for quite some time now. The Cardano community are bullish that its finally coming to pass especially when you consider that they are working towards migrating to the Shelley phase of their roadmap.

The CEO of Ledger, Eric Larchevêque has said:

“Our integration with Cardano is something the Ledger community has been looking forward to for a long time. We are constantly working to respond to the needs of our customers, so we’re thrilled to officially welcome Cardano to the Ledger platform.”

According to Ledger’s blog post, Cardano’s Ledger implementation was all down to the efforts of the commercial side of Cardano, Emurgo.

Furthermore, the official announcement reads:

“Users will be able to protect their private keys through Ledger’s wallets, giving them access to their ADA with increased security and peace of mind. The Ledger hardware wallet integrates with the EMURGO-developed Yoroi wallet, the first official companion app to support the Cardano Ledger hardware wallet.”

With all this in mind, could Cardano reach the top five anytime soon?

It’s a bit early to say so don’t hold your breath but the possibility is definitely there. At the time of writing, Cardano is number ten on the top 100 according to CoinMarketCap with a price of $0.66 following a 0.36 percent decrease over the past 24 hours.

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