French cryptocurrency hardware wallet manufacturer Ledger has added support for Cardano ($ADA) accounts to the iOS version of the Ledger Live application, which is used to manage cryptoassets stored on Ledger devices.
Paris-headquartered Ledger was co-founded in 2014 by Eric Larchevêque, Nicolas Bacca, Joel Pobeda, and Thomas France. It currently makes three crypto hardware wallets: Ledger Nano X, Ledger Nano S, and Ledger Nano S Plus.
The firm first announced it was moving to support ADA back in April of this year, and first added support for the cryptocurrency on Ledger Live in June. It followed the move by adding support for ADA on the Android version of the application, and is now adding it to its iOS version.
To manager their $ADA via Ledger’s devices, users must create an ADA account, but don’t need to create an additional wallet. They can also buy the cryptocurrency directly through the applications. The French cryptocurrency hardware wallet manufacturer’s support delighted the Cardano community when it was first announced, with the integration’s rollout being applauded as well
As CryptoGlobe reported, an artificial intelligence-based price prediction model is suggesting that the price of Cardano’s native token ADA is going to surge to trade at $2.9 by September of this year, representing a 530% increase from the cryptocurrency’s current price.
In contrast, the cryptocurrency community has, through CoinMarketCap, predicted that ADA will trade at $0.78 by the end of August, and at $0.457 at the end of the year. The community’s near-term bullishness is likely related to the network’s upcoming Vasil hard fork.
The hard fork is expected to deliver a “massive performance improvement” to the cryptocurrency’s network. The hard fork is a major upgrade that will involve four Cardano Improvement Proposals (CIPs). It was delayed until later this month as the team behind it decided to be extra cautious after Terra collapsed.
Development activity on the Cardano network, which tracks “the number of GitHub events that the project organization generated”, has surpassed that of other major cryptocurrencies, including Ethereum ($ETH) and Solana ($SOL) ahead of the hard fork.
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