New Cardano [ADA] trading pairs introduced by Binance gives a major lift for the cryptocurrency

Binance, one of the largest cryptocurrency exchange platform announced that it would be offering ADA/BNB and ADA/USDT trading pairs. BNB is Binance Coin and USDT is Tether token. Cardano was only tradable with Bitcoin [BTC] and Ethereum [ETH] on Binance earlier.

Binance being one of the popular and highly used platforms has lifted the value of the cryptocurrency to a higher level by this announcement.

Cardano [ADA] is currently trading at $0.250 with a market cap of $6.4 billion as per Price.AMBCrypto. The cryptocurrency is trending at 7th position. It is being noticed that the coin has shown a positive fluctuation in the past 24 hours in terms of market cap. Also, the overall volume of ADA is constantly in green since one week. The overall volume of the coin in past week has gained over 60%.

A Cryptocurrency enthusiast says:

“ADA = over 1USD in the next 24hrs, and probaly 2-3usd by this weekend! Watch out Etheruem and Neo! ADA best bang for your Buck!!!”

A Cardano supporter says:

“It will be just ADA, like any investment U buy low, sell HI! Cheaper stuff moves faster & farther in shorter time then expensive stuff. This is no bear market earlier adopters of anything are still in profit. Coming from gold, cryptos pick up 10x faster. HODL ADA!!!!!”

Binance continues to top the 24-hour volume ranking on CoinMarketCap with an overall value of $1.815 billion. The exchange platform is supporting various trading pairs such as XVG/BTC, BTC/USDT, EOS/BTC, TRX/BTC, XRP/BTC, XVG/ETH and many more.

Ran Neu-Ner, a famous host who is a part of CNBC Africa’s Crypto Trader show recently compared Binance’s net profit with Goldman Sachs’ net profit.

Ran tweeted:

“In 2017 Goldman Sachs made a net profit of around $5bn. Binance is estimated to have made around $1bn in the last year after being around for just over a year. I suspect that this year Binance will make more than Goldman’s.”

A crypto capitalist says:

“This is pretty good prediction. Not sure if it’s possible but would be wild if it happens.”

Are Skuzza, an entrepreneur says:

“Could be great if binance is able to scale quickly enough”

A cryptocurrency trader commented:

“Binance made a 200m profit in 2017 (6 months) and they just announced a 150m profit in Q1 of 2018. These numbers are amazing, but expecting them to make 5bn this year is ridiculous and will never happen. 1bn would be amazing.”

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