As most cryptocurrency markets are showing signs of life, the Cardano price cannot remain behind. A small gain has been noted in both USD and BTC departments over the past few hours, partially because the project has recently celebrated its first anniversary. This venture has come a very long way since launching, although there is a lot more work ahead.
Cardano Price Momentum Picks up Steam
As is always the case across different cryptocurrencies during the weekend, things tend to get rather interesting. Small gains are being noted in quick succession, although no earthshaking movement looms on the horizon just yet. For the Cardano price, the current trend appears to be very positive, even though the minor 2% gain is not necessarily something to be overly excited about just yet.
One has to keep in mind Cardano is still a relatively new project in the cryptocurrency industry. It has turned one year old this week, and a lot of progress has been made in the process. Even so, Cardano is still a long way removed from competing with the top dogs in the industry. Community members still look forward to a lot of upcoming developments, as there is no time to rest on one’s laurels in this competitive industry.
Speaking of the one-year anniversary of Cardano, IOHK has put together a highlight clip of some of the big breakthroughs achieved during 2017 and 2018. This video shows how far IOHK and Cardano have come in the past few months. It is a very different project compared to most cryptocurrencies, which appears to be one of its main selling points.
It's been one hell of a year https://t.co/rxfet8U74h
— Charles Hoskinson (@IOHK_Charles) September 30, 2018
During the one-year anniversary of Cardano – which was celebrated with an actual event – Metaps+ showed their project. It seems to introduce a very positive change for the Cardano ecosystem, It appears a dedicated crypto debit card will be introduced to ADA holders in the very near future. That would make it a lot easier to spend Cardano accordingly, assuming that is something users are looking forward to exploring.
— Shunsuke Murasaki (@Encrypt2) September 30, 2018
Last but not least, a lot of Cardano enthusiasts are looking forward to the Yoroi wallet release. Although a fake rumor indicated that wallet would come to market last week, the actual release will happen when IOHK makes the testnet available. According to recent rumors, the launch can happen as soon as within the next 24 hours, though no official confirmation has been received in this regard.
There is a fake rumor that Yoroi, our Cardano light wallet, is being launched today (September 20th). This is wrong. Yoroi will be launched on the testnet as soon as IOHK makes the testnet available. Again, all the code is ready. We are just waiting for the testnet to launch.
— Yoroi wallet／ヨロイウォレット (@YoroiWallet) September 20, 2018
For the time being, the Cardano price is in a good place, although it remains to be seen how long this momentum can remain in place moving forward. There is still a fair bit of volatility across all markets right now, and Sundays are always very different from the rest of the week first and foremost. Even so, the ADA momentum seems to favor the uptrend, and reaching $0.09 is a possibility.