Cardano traders have been waiting for the Ledger Live developers to add support for the native token ADA for months. Ledger Live is a hardware digital wallet mobile application that allows users to store, send, receive, and trade cryptocurrencies on its wide range of products like Ledger Nano S, Ledger Nano X, and Ledger Blue, among others.
The official Twitter account of Ledger recently announced the news with a new tweet telling the users that digital investors can now send, receive, and purchase ADA tokens directly from their Ledger Live application interface. It is worth noting that Ledger is considered a more secure way to manage and store cryptocurrency reserves.
Ledger Live Supports Top Ten Cryptocurrencies in Terms of Market Cap
With the integration of ADA tokens, the Ledger Live developers have completed another milestone. The hardware wallet management service now covers the support for the top 10 cryptocurrencies in the world by market cap. At present, the ADA token is ranked in 7th position on the crypto leader board. With a price tag of $0.5 per unit, the market cap of Cardano is currently estimated at $15.4 billion.
In the latest tweet by Ledger, the developers shared the company has issued the latest version, 4.0.0 of the Ledger Live application, that contains the support for the Cardano token. It is worth noting that the latest version of the Ledger Live app has enabled the support for smart contracts. On the other hand, the developers at Cardano have expressed their enthusiasm toward inclusion.
Cardano: Community-based Platform
When it comes to cryptocurrencies and DeFi tokens, there are several claims that many of the networks that are under the management of a crypto organization are not truly decentralized and community-owned. However, Charles Hoskinson, CEO of IOHK and founder of Cardano blockchain, recently rejected the idea with his latest tweet.
Hoskinson claimed that the Cardano blockchain is a decentralized, community-based, and open-sourced network and something. There are around 1004 projects underway at the Cardano network. This year around 89 projects went live on the blockchain. The latest data projections from CoinMarketCap reveal that ADA is trading at $0.45 after a 9.62% decline in the last 24 hours.