Huobi Pro, one of the largest digital currency exchanges in China, has listed the popular cryptocurrency Cardano [ADA]. Cardano can now be traded on Huobi Pro for Bitcoin [BTC], Ethereum [ETH], and Tether [USDT].
The Cardano cryptocurrency (ADA) was added to the Huobi Pro exchange on April 16 2018, and spiked soon after the announcement. With an increase of 12.4 % shortly after the listing (at the moment even 15%), the price of Cardano has increased from $ 0.15 to $ 0.25.
Currently being the 7th largest cryptocurrency based on market cap, it is unknown if the price increase will continue over the next few days. That said, volumes for ADA are becoming more and more consistent, while normally altcoins see a pullback or correction after fast recoveries.
Cardano is a blockchain project founded by Charles Hoskinson, co-founder of Ethereum, to “provide a more balanced and sustainable ecosystem” for cryptocurrencies. According to its website, ADA is the only coin with a “scientific philosophy and research-driven approach.”. It is a full blockchain, built from scratch in the functional programming language called Haskell, and it uses a math-based approach that results in a much more secure and reliable protocol.