Market Today

Binance Adds Cardano (ADA) Trading Pairs
Editorial Team

Binance, world’s largest cryptocurrency exchange platform announced on Monday that it would be adding ADA/BNB and ADA/UST trading pairs. BNB is Binance Coin, while USDT is Tether token regarded as a stable one. According to the comments of users, the new listings are going to give space to trade with the altcoin.

The expected soar in the price of the Cardano, happened shortly after the announcement, and now it is in 7th position in the crypto market, with a trading value of $0.250 and has a market capitalization of $6.4 billion, according to Coinmarketcap. The development of ADA price has been doing very well since Monday.

Meanwhile, Cardano, which is already on Binance is been traded with BTC or ETH. It is possible that ADA jumps to the 6th if the situation continues going fine.

Furthermore, Huobi, the world’s second largest and Chinese largest cryptocurrency exchange, have added Cardano. Another significant boost for the altcoin.

By many analysts, CloackCoin has been regarded as a sleeping giant. Though it has less media attention, it went live 3 years ago. At present, it has a market cap of $78.328.174, with a trading price of $15.29.

CloackCoin is similar to Bitcoin. However, it offers an anonymous transaction system branded as Enigma. It is said to be purely unique as it has no Proof of Stake reward and Master Nodes.

“Enigma is CloakCoin’s private, secure and untraceable payment system, that forms the basis of future development and provides the underlying transaction system for the decentralized applications running on the CloakCoin network,” the team behind the project stated in the altcoin’s whitepaper.

“Enigma is at heart a decentralized, off-Blockchain mixing service which allows users on the CloakCoin network to transmit Cloak privately and securely to each other. It has been designed to ensure the mixing process is both secure and untraceable to third-party observers. This ensures a user’s Cloak coins are kept safe during transfer and that the sender and receiver cannot be tied or associated.”