Cardano News Today – Cardano Develops the First Block for Shelley Mainnet As ADA Approaches the $0.0500 Level – April 28th, 2020 

  • Cardano Developers Finally Create the First Block on the Shelley Blockchain
  • The Cardano ADA Price Continues to Surge Against the USD Approaching the $0.0500 Level 

Cardano News Today – Yesterday, Cardano created the first blockchain on the long-awaited upcoming Shelley mainnet. According to Charles Hoskinson, the block has been produced right on schedule and it has brought them one step closer to launching the fully functional Shelley upgrade. The new block isn’t the actual one but a test version of the Genesis block for the mainnet. The head of engineering of the Cardano development team Duncan Courts was the first person to report the Cardano news before or was confirmed by Charles Hoskinson today.

Cardano News Today – Cardano’s Development Team Releases First Shelley Block While the Token Keeps Rising

Taking to Twitter, Hoskinson said the Shelley upgrade would come in different phases and that the first block was produced in the friends and family stage of the process. Following this stage, the next phase will be the hybrid phase. With hybrid, users will be able to upgrade from Byron to Shelley. If you read our Cardano news a few days ago, you would know that Cardano launched the Byron reboot as the foundation on which Shelley will be built.

After hybrid is launched, the next launch would be the Cardano Shelley mainnet which would allow people to stake their coins on the Cardano network. These coins will be used as collateral and the users will be allowed to use the blockchain and receive rewards for it at the same time. Meanwhile, another major milestone they IOHK has announced ahead of the Cardano Shelley mainnet launch is the Daedalus wallet which was released a few days ago.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$1.15

Cardano Price Prediction 2020 – Cardano ADA Continues to Surge Against the USD

Meanwhile, Cardano ADA has been the star of the cryptocurrency market for the last few days. Cardano ADA has gained significance as the best performing token on CoinMarketCap. It has now become obvious that crossing all the necessary updates on the Cardano roadmap has revived the interest investors have in the token. The bulls are ruling the market and would keep ruling for the foreseeable future.

At the time of writing, the price of the Cardano ADA token was $0.047413. This means that it is up by 3.67% against the USD and up by 3.37% against the price of Bitcoin BTC. The market capitalization is $1,229,276,956 and the trading volume over a 24 hour period is $163,202,068. From all indications, there is a strong chance that the token will move as high as $0.0500 if the bulls maintain their hold in the market.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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