Bitcoin Forum

Cardano attracts increased attention from cryptocurrency traders again: in the last 24 hours, ADA accounted for about 5% of the total trading volume. For one day, the ADA rose more than 22% compared to the peak and by 75% for the week.

Read more: https://hype.codes/cardano-surges-binance-lists-ada

What in your opinion were the reasons for this growth?

Somewhere I read that there are projects based on cardan that are starting right in these periods

I think, the development of a virtual currency like cardano can not be separated from promotion to all exchange including to indodax.com. I see cardano has increased demand, ADA is likely to be more successful in the market. My analysis in terms of promotion. thank you

Good time to sell. This project is going nowhere for at least another year.

Something's big gonna happen. Just wanna sure if they will release some protocol I hope they should give us concrete news regarding this pump. Maybe the community wants to pump this coin.

This is literally Fake News. The only place I ever bought Cardano from was Binance.

So WTF is this article blathering about?

Its dead in the water until they get a working wallet together.

Any upwards momentum is pure pumpery for the time being.

I believe that Cordano is so powerful project with a good team, but now the main reason for the increase in value is the listing of this coin to the Binance exchange.

It is just the addition of new pairs: ADA/BNB and ADA/USDT. Cardano was already available in the more usual pairs like ADA/BTC and ADA/ETH. So no fake news, but not so much exciting news also. I also purchased ADA long before this news on Binance.

Cardano is one of my favorite coins ever! I was thinking before to invest in altcoins with low marketcap to gain more, but then i have seen many scams around. I will just invest in solid coins from now on.  ;)

The sudden rise in value is probably because the project is maturing, coupled with the renewed interest in cryptocurrencies rising again in these days.

Wait and see, ada is pOs coin. I think investor will wait the growth of the price of the coin. ADA coin % of staking is too low according some investors. However if the price increase sharply and stay at the highest price, ADA holders will make profit. Team behind ADA is great too. I hold some of the coins and hope the price will jump

it is alawys a very simple relationship in the market!
bitcoin is stable, you as a trader can not make profit from stability so you look elsewhere. where? altcoins. they can simply be pumped and dumped and if you know how to you can make a good amount of profit before bitcoin starts rising back up again. rinse and repeat each time bitcoin is stable to accumulate a lot more bitcoin for your long term investment.

this simple strategy drives the market.

This will depend on the community that supported the project or the ICO or the use of that token. If cardano had the increase of 22% in one day then therefore there are lot of thins to consider. First is that if they were able to get a good investors for their project to realize. Another things are the community that supported it for their benefits. However, the increase percentage will depend on the number of community where the project is basing. Another things to consider in that increase are the people in the forum if they found out that the crypto is good then therefore they will invest in it and fortunately it is happening so i guess they are now happy with that increase for now.

ada is a quality project . there are many top talent in ada team . it is a sleeping giant, ethereum's powerful competitors . it has been waiting . now it is starting to break out . i will keep ada coin until it matures .

I guess it is something very usual for Cardano. I believe we will see Cardano in Top 4 within this year. The idea and the team behind is excellent. I blieve it will grow really crazy until 2020 once the poeple start understanding the importance of crypto

It's because finally there are projects that are speculating on building on the cardano platform.

But you have to be really careful, the thing is, cardano still is only theoretical.
The network isn't even ready.

Meanwhile, you have the big ones, eth and neo with ever expanding networks.
You also have up and coming ones that will go live around the same time ada claims it will.

ADA shot up in value based off of pure speculation, it isn't sustainable unless they actually deliver.
You can say, "When it does it will be amazing and moon!"
To that, I say, "There are already similar projects that are up and ready to go! Why wait?"

Generally, you should be very careful with any of the top 30 coins that have no working product.

Cardano is one of my favorite coins ever! I was thinking before to invest in altcoins with low marketcap to gain more, but then i have seen many scams around. I will just invest in solid coins from now on.  Wink

If you think Cardano is good, you've obviously never tried to use their wallet, which is still broken BTW.

In the entire time since Daedalus has been broken, at least a dozen braincoins have been launched, some of which are close to surpassing ADA in market cap.

This coin is a useless pile of shit without a working wallet.