Cardano News and Price Analysis: ADA +10% in last 24 hours! Emurgo Builds Its First Wallet On Cardano. Friday, August 17
Important Cardano Cryptocurrency News
Emurgo Builds Its First Wallet On Cardano
Ken Kodama is one of the founders of Cardano. His company Emurgo has announced that it built its first product, the Yoroi on the Cardano platform. Yoroi is a secure and versatile wallet for ADA built by IOHK, the engineering company behind Cardano.
Kodama said that the light wallet was built according to best software practices and has gone through security audit. He said the fast wallet was built with day-to-day use of the Cardano client.
Emurgo is based in Japan. The company earlier entered into a joint venture partnership for the promotion and marketing of blockchain related businesses for the Cardano platform. What is obvious is that Emurgo believes that a launch of the light wallet on Cardano is a step in the right direction in their commercialization efforts on Cardano.
The Cardano official Twitter channel announced the launch saying: “The Cardano roadmap has been updated with a special announcement on Project Icarus, a reference implementation for lightweight wallets, and Yoroi, a light-client wallet launched by Emurgo today!”
Cardano still Has Good Potentials
The coin market may be going through tough times at the moment. However, the data shows that Cardano has maintained relative stability even though the coin is exchanging hands presently at just $0.1. For instance, in the past one month, the coin has been trading within a tight range of $0.13542 and $0.15387.
Although ranked at number 10 according to market cap, the coin is yet to meet its full potential and the team does not seem to be resting on their oars as seen with projects connected with the platform.
The past days have been tumultuous for the coin market with Cardano losing heavily at a point by plunging to $0.0844 against the tethered dollar. The bearish trend for the coin has a resistance at $0.11. Although the coin broke through this support, it has continued to undergo corrections and may stabilize around the $0.11 mark for the short term.
ADA/USD Price Chart, Friday August 17th:
Follow TokenTops on Twitter to stay notified about new articles, cryptocurrency news, ICO announcements and price predictions and analysis.
Legal Disclaimer: Please remember that trading, buying or any other type of investing in cryptocurrencies should be consider risky and may lead to the loss of all of the invested money. For further information visit Terms and Conditions section on TokenTops. We do not encourage our readers to any kind of financial decisions. Neither tokentops.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from tokentops.com. We believe that everyone should make their own and in depth research on the particular topic in various sources before making any financial decision and this person should be the only one responsible for the outcome. Our writers do their best to remain unbiased and don't actively support any project. The research is done with various sources, the predictions are based on own believes, analytical skills, experts and community discussions and is intended to convey general information only.
You may also like
Cardano ADA Prices Bullish Amidst A Bearish Market
Cardano Prices Spike As The Wider Markets Rallies
Slow Weekend Sees Cardano Drop By 8%
Cardano Price: ADA Extends Weekend Gains, Up By 8%
Cardano Price: ADA -3%, What The Recent Market Dip Means For Cardano?
Cardano Price: ADA Soars As It Becomes The Base Currency Of New Exchange
You need to login to create comments.