Cardano gets listed on Robinhood but ADA bulls are running out of steam, risking 40% drop By Cointelegraph

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Cardano gets listed on Robinhood but ADA bulls are running out of steam, risking 40% drop

ThCardano (ADA) market has witnessed back-to-back pieces of good news since Aug. 31, from its listing on Robinhood (NASDAQ:), a U.S.-based retail investment platform, to the release of its first lending and borrowing protocol, Aada Finance.

Additionally, Cardano developer IOHK stated that they are close to clinching “three critical mass indicators” that would lead to the launch of their long-awaited Vasil hard fork in September. Vasil aims to improve Cardano’s scalability and transaction throughput through pipelining.

daily price chart. Source: TradingView
ADA/USD and Nasdaq daily correlation coefficient. Source: TradingView
ADA/USD three-day price chart featuring descending triangle breakdown setup. Source: TradingView