Cardano News Today – Cardano ADA Crosses $0.050 As Shelley “Friends And Family” Release Date Is Announced – May 1st, 2020

  • Cardano ADA Price Surges Above the $0.050 Level With Higher Highs to Come Near-term
  • Cardano’s Development Foundation Says May 11th is the Release Date for Shelley Family and Friends Testnet

Cardano News Today – Cardano ADA has been on fire for the last week. The ADA token kick-started its surge to the moon and moved from the $0.033 level to the $0.052 level within less than one week. The Cardano ADA token is indeed moving along with the rest of the cryptocurrency market following Bitcoin’s trend. However, it would be unfair to say that this is the only reason for the price surge of the token. The truth is that Cardano ADA was the first cryptocurrency to start gathering bullish momentum against the USD. Just a few days ago, it was the best performing cryptocurrency among the top 10.

Cardano News Today – Why is Cardano Rising and How High Will It Go?

It’s no news that the Cardano development team has been releasing one update after another ahead of the upcoming Shelley era. Despite the COVID-19 pandemic, the team has continued to work on all its projects as they are determined to follow their roadmap and meet their timeline. On the 11th of May, IOHK will release the first version of the Friends and Family Cardano Shelley testnet. This is the second round of their Ambassador program. According to Charles Hoskinson, more people in the community are becoming involved as they move closer to the Shelley era.

Simply put, the price of Cardano ADA is rising against the USD because there is a lot of anticipation about the upcoming Cardano Shelley Mainnet launch which is scheduled to eventually make the blockchain 100% decentralized. Everyone in the community will be able to make contributions and use the resources provided by IOHK. In Hoskinson words;

“We thought it was a really good idea that we train up a cohort that can work in tandem with our people. First, it’s a sanity to verify that the software does what we think it does and it broadens our QA base. […] We can have a big resource surge on to beta testing and get people to help us to get some last-minute configurations”.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.00

At the time of writing, the price of Cardano ADA was $0.051552. It is up by 3.35% against the USD and up by 3.08% against the price of Bitcoin BTC. The trading volume over a 24 hour period is $188,947,334 and the market capitalization is $1,336,605,160. All the charts show that the Cardano ADA token is going to keep moving higher and higher against the USD safe for a few rejections along the way.

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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