What’s going on with crypto? Many coins are up today, including Cardano (ADA), IOTA (MIOTA), and Monero (XMR). Let’s find out what’s happening.
Cardano is currently selling for $0.268752, which puts the coin up 7.25% in the past 24 hours.
Cardano’s growth has slackened off a bit in the past few hours or so, but since a month ago, ADA has grown by 45%. Will Cardano be reaching $0.30 sometime soon?
The growth of Cardano comes down to the cryptocurrency exchange Binance. Binance tweeted on April 16th that it was adding some Cardano trading pairs to the platform:
— Binance (@binance)
In addition to its previous trading pairs with Bitcoin (BTC) and Ethereum (ETH), Cardano can now also be trading with Binance Coin (BNB) and Tether (USDT).
Cardano was also recently launched on the Chinese crypto exchange Huobi, opening up the coin to many new investors.
Ada is now listed on Huobi! Huobi is a Chinese digital currency trading platform and exchange based in Beijing. ADA/BTC, ADA/ETH and ADA/USDT trading pairs are now launched on their platform, with withdrawals available tomorrow. Read announcement here: https://t.co/goagsadPXB
— Cardano Foundation (@CardanoStiftung)
The more people get their hands on ADA, the more the coin looks to be growing.
IOTA is currently selling for $1.71, which puts the coin up 6.16% in the past 24 hours.
IOTA has paired with end-to-end IT services company DXC Technology in a presentation on Industry 4.0 services. The presentation will “present practical solutions using blockchain technology integral for secure digital transformation services.”
This news may be having an indirect effect on IOTA’s growth, although at this point it’s difficult to tell for sure.
Monero is currently selling for $235.27, which puts the coin up 5.65% in the past 24 hours.
Yesterday, Monero celebrated its 4-year anniversary, and perhaps the celebrations are carrying over to today.
There are chatterings that privacy coins like Monero are receiving a price boost because of the Verge/Pornhub deal. However, this certainly isn’t airtight reasoning, given that the originator of the deal, Verge (XVG), has been ever since making the announcement. Verge is currently down a further 4.59% in the past 24 hours.
Verge is faltering, but Monero is going strong.
What’s going to happen next?
Featured image: White77 via Pixabay