BeInCrypto is reporting today that Cardano has been added to the Bloomberg Terminal. This is a platform that is frequently used by professional traders. This move has the potential to expose the cryptocurrency to a new wave of potential investors. Bloomberg did not respond to a request from Decrypt hoping to learn more about why this decision has been made.
Cardano is a peer-reviewed blockchain that has seen massive gains this year. At one point this year it was possible to buy Cardano for 2 and a half cents, and in February it was an astonishing $1.50. Although now the price is hovering around the $1 mark. At the time of writing, Cardano is the 5th biggest cryptocurrency with a market cap of $32 billion.
Only last week, Mike Novogratz, the CEO of Galaxy Digital asked his Twitter followers whether any of them could make a bull case for ADA. Stating that it was one of the few cryptos he hasn’t traded in his life.
Cardano holders will point towards that the Goguen release is set to happen in the coming months which will make the cryptocurrency 100% decentralized. When this is confirmed the price is likely to see a surge in price, especially if the rest of the crypto market is still in a healthy position of good momentum. There is also speculation that Cardano could be on the verge of a huge deal with an African country, rumoured to be Ethiopia which will see millions potentially use ADA for daily transactions.
