Cardano has risen in price by 20% during a day, and a billionaire has reconsidered his attitude toward bitcoin

Cardano has risen in price by 20% during a day

The value of the Cardano crypto coin has increased by more than 20% during the last 24 hours. On March 17, according to data from Coinmarketcap, ADA was worth about $1.27.

Analysts associate the rise in the coin’s rate with the news about Cardano’s listing on the Coinbase cryptocurrency platform. The exchange is already accepting incoming transfers to ADA. Subject to liquidity requirements, cryptocurrency trading on Coinbase will start on March 18th. For now, transactions with ADA can only be performed on the Coinbase Pro platform for professional traders.

Earlier it became known that FD7 Ventures has launched a new fund for $250 million to support the developers of Cardano and Polkadot from India. To create a new structure, the company sold BTC for $750 million.

Billionaire reconsidered his attitude toward bitcoin

Investor and co-founder of Oaktree Capital Howard Marks has changed his attitude towards the main cryptocurrency. Previously, the entrepreneur considered digital assets to be “unreasonable quirks.”

“There are a lot of things that people want and value highly which have no intrinsic value. The supply [of bitcoin] is fixed by the software … so it can’t expand much, unlike the dollar which can be printed in infinite amounts. And the demand is growing because more people are interested in it,” the entrepreneur had said earlier.

Now Howard Marks said that his opinion was “an impulsive reaction” to innovations that the businessman had not previously fully understood. According to the head of Oaktree Capital, the main cryptocurrency really has great potential, and its main advantage is the ability to trade BTC 24 hours a day while maintaining confidentiality.