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Cardano (ADA) has been integrated into Blockchain.com's DeFi Wallet, marking a significant milestone in its adoption curve. The integration has sparked reactions from users and stakeholders, including Charles Hoskinson, Cardano founder.
New integration to fuel Cardano's utility
In a post on X, Hoskinson hailed the listing as a welcome development. He expressed excitement at the availability of Cardano to Blockchain.com’s 37 million users, who now have access to the asset.
Notably, Blockchain.com, a primary crypto wallet and exchange provider, announced the development. It signals that users of the exchange can now store ADA, send and receive the cryptocurrency, and interact with Cardano-based DeFi applications more easily.
According to Hoskinson, this integration is one driven by negotiations from the Midnight Foundation. "Congratulations to the @midnightfdn for the great negotiations," he wrote.
The successful negotiation and subsequent integration open Cardano up to more investors and users globally. For instance, users on Blockchain.com no longer need to move to a separate wallet to use ADA. Additionally, it enhances Cardano’s position in the DeFi space, which it has been building over the years.
The increased visibility and utility that could result from this integration may impact Cardano’s outlook in the broader cryptocurrency market space.
ADA price surges over 11% as $1 target comes into view
Over the past 24 hours, Cardano has maintained steady price growth, rising from $0.7699 to a peak of $0.8922. As of press time, ADA was changing hands at $0.8590, which represents an 15.53% increase within this time frame.
Cardano investors are also active, with trading volume surging by 98.45% to $3.5 billion. The increased trading activity, integration of 37 million additional users, and the asset's bullish momentum could push ADA closer to the psychological $1 level.
With Cardano bulls in total control, anticipation is high among market participants that ADA might flip $1 in this ongoing rally.
Vladislav Sopov
U.Today Editorial Team