Cardano, a decentralized public blockchain and cryptocurrency project intends to attract institutional investors into the cryptocurrency market by increasing the liquidity and accessibility of its virtual asset, ADA. The company in June partnered with Algoz, a market maker solution service, as a step in the right direction in making ADA more attractive to institutional players.
Cardano’s Goal to Attract Institutional Investors into the Market
Cardano’s native coin, ADA, which was initially released in 2015 came with the promise of attracting major industry players into the crypto space. However, the project is still battling the same challenges that plague the crypto space.
Despite this, ADA is still one of the top cryptocurrencies by market cap and is currently warming the 11th position. The virtual asset has also made significant gains in the past month, a fact that can be attributed to its current price of $0.078. Comparing the $0.04 price as of January 1, 2019, there has been a 90.71% increment.