It’s not a good day for crypto, but it’s not that bad either. The crypto market has shed off a few percentage points, but across the board, the dump is not that heavy. This means it could be just a minor correction after a few weeks of solid altcoin gains. In such a case, a bullish continuation could be underway, and Cardano (ADA) could lead the pack. Cardano has a number of factors supporting it, mainly the Shelley release. However, the most immediate one is the Ledger Nano integration which could be coming as soon as March 27th.
So many hints point to this date. For instance, Emurgo has today sent out a tweet with the roman numbers III.XXVII and the hash tags, #Ledger, #Cardano, #Adoption. In numeral numbers, this translates to 3/2019, which means that Ledger will start supporting Cardano (ADA) on the 27th of March. This information is collaborated by an equally interesting tweet from Ledger. Today, they have sent out the following tweet.
Coming soon: One of the most requested apps for the Ledger Nano S.
What’s interesting is that the image in the tweet has a Cardano logo hidden behind a Ledger Nano S. These two tweets by Emurgo and Ledger collaborate each other, which means March 27th is the day.
So how could this play out in the price of Cardano (ADA). Well, Ledger Nano integration has been one of the most awaited events by the Cardano community. For some time now, the prevailing question on every Cardano related forum has been “When Ledger Integration?” In essence, it is likely to generate lots of hype and speculation in Cardano (ADA). As the news filters into the market, speculators will be looking to make a killing by buying into ADA in anticipation of a pump. This surge in speculation could see Cardano pump substantially in the next few days. The crypto market is largely driven by hype and speculation and by having a load of positive news, Cardano is primed for a price rise.
A Cardano pump driven by Ledger Nano is likely to be sustained by the upcoming Shelley release. Shelley is highly anticipated in the Cardano community, and now that the process is underway after Cardano 1.5, things could get even better for Cardano. It’s definitely a crypto worth keeping an eye on in the near future.
Long-term, Cardano (ADA) stands in a good position for growth going into the future. This is a project that has what it takes to dominate in the Dapps market. Cardano is scalable, secure and after Shelley it will become truly decentralized. It has solved the problems that platform blockchains are currently struggling with at the moment. Cardano, through Charles Hoskinson and the IOHK, is also gaining popularity in the developing world. This means that in the long run, Cardano stands a realistic chance of becoming the financial operating system for the developing world. The future of Cardano is bright. It’s a worthy hold in spite of short-term price fluctuations.