- Traders engage in panic sell-off leading to a 10.44% fall in the price of Cardano ADA.
- Cardano development team releases Byron as it slowly transitions into the Cardano mainnet.
Cardano News Today – Over the last few days, the price of Cardano ADA and other cryptocurrencies on CoinMarketCap has been struggling between upright surges and downward drops. While several factors are influencing the price of Cardano ADA, the primary reason why the entire cryptocurrency market is suffering is that the global economy is being negatively influenced by the Coronavirus outbreak. Like Bitcoin and other altcoins, Cardano traders started a panic sell-off that led to a 10.44% fall in the price of ADA this morning.
Cardano Price Prediction 2020 – Cardano ADA Price Falls By 10.44% Despite Byron Update
According to the Cardano news and Cardano price prediction on Investing.com, ADA fell as low as $0.027983 this morning. Twenty-four hours ago, the price of Cardano ADA was $0.029069. This is the lowest drop Cardano ADA has experienced in the last 12 days. As the price of Cardano ADA fell by over 10%, the market capitalization fell to $733.76602M. While the difference between this market cap and the market cap of the last two days isn’t much, it is important to note that in 2018 when Cardano ADA reached its all-time high, the market capitalization was $23.91700B.
In the last seven days, the price of Cardano ADA has moved from $0.0314 to $0.0266 which is still over 97% less than its all-time high of $1.35. At the time of writing, the price of Cardano ADA was $0.028429. This means that it is down by 7.00% against the USD and up by 0.64% against the price of Bitcoin BTC.
Cardano News Today – Cardano’s Development Team Launches Byron Update
Cardano has been moving slowly to its long-awaited Cardano Shelley mainnet launch. The development team posted a press release about the Byron upgrade which is one more step towards the Cardano Shelley Mainnet launch, a move that will make the Cardano blockchain 100% decentralized. According to the press release, the Byron reboot is going to go live on the 31st of March 2020. The Byron update is the most significant one since Cardano was released and it’s a big step in the right direction for ADA.
Cardano (ADA) Price Today – ADA / USD
Byron will boost the performance of Cardano Explorer, Cardano node, Daedalus wallet, and every other element of the Cardano blockchain. Byron is going to change the logic of how the blockchain interacts with itself. This, in turn, will allow developers to update individual components of the blockchain without affecting the others. Byron will pave the way for future developments of the blockchain post the fully decentralized Shelley upgrade. It comes just after the release of Hydra, an upgrade that will allow swift micropayments on the Cardano blockchain.