Is ADA worth buying after Cardano Foundation partners with WhiteBIT?

By:
on Nov 17, 2022
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  • The Cardano Foundation partnered with a top European cryptocurrency exchange.
  • ADA’s value has shifted by 19% in the last seven days.
  • Cardano’s trading volume decreased by 6% in the last 24 hours.

Cardano (ADA/USD) has seen increased activity, as the major European exchange known as WhiteBIT will now allow users to trade Cardano futures. 

Cardano is a Proof-of-Stake (PoS) blockchain platform founded and developed by Input Output Hong Kong and Charles Hoskinson.

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The WhiteBIT partnership as a catalyst for growth

In the latest Cardano news, on November 16, 2022, WhiteBIT announced on its blog that it partnered with the Cardano Foundation and will let users trade ADA perpetual futures, which is the first step of the cooperation.

The exchange platform also says this will enable them to eventually offer numerous other unique activities, and they will participate in the Cardano Summit.

Should you buy Cardano (ADA)?

On November 17, 2022, Cardano (ADA) had a value of $0.323.

ADA/USD Chart by Tradingview.

The all-time high of the Cardano (ADA) cryptocurrency was on September 2, 2021, at a value of $3.09. Here we can see the cryptocurrency was $2.767 higher in value, or 856% higher at its all-time high. 

When we look at the 7-day performance for the Cardano (ADA) cryptocurrency, we can see its low point was at $0.317813, while its high point was at $0.377918. Here we can see an increase of $0.060105 or 19%.

In terms of the 24-hour performance, Cardano (ADA) saw its low point at $0.324318, while its high point was at $0.336834. This marked an increase of 4%, or by $0.012516.

As such, traders and investors should take up the opportunity to buy ADA, which can climb to $0.42 by the end of November 2022.

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