Cardano News Today – Cardano ADA Skyrockets Above $0.063 As Hoskinson Announces Shelley Launch Date 

  • Cardano’s Charles Hoskinson Announces Final Date for the Cardano Shelley Mainnet Launch
  • Cardano ADA Price Surges Significantly Shortly After the Announcement With Higher Highs to Come 

Cardano News Today – Cardano Shelley is finally getting uploaded on the Cardano blockchain mainnet after months of development and testing. According to Cardano’s creator, Charles Hoskinson, the Cardano Shelley mainnet launch is going to kick start next month. Shortly after Hoskinson made the announcement, the price of the Cardano ADA token, which was already in bullish territory, doubled the rate at which it was rising as it reached forward to the February high of $0.072. The surge is all thanks to investors who are buying Cardano ADA ahead of the mainnet launch because they strongly believe that the token will rise significantly after the launch and they don’t want to be left out.

Cardano ADA News – Cardano ADA Breaks Major Resistances as it Moves Toward the $0.0700

As the price of Cardano ADA started to rise, the charts revealed that all the major resistances have been crossed near-term. There is no evidence that the token is going to face any key resistance anytime soon. The token has been posting gains for hours and it will most likely keep surging until the Cardano Shelley mainnet launch is complete. After the Cardano Shelley mainnet goes live, it will finally earn the title; Ethereum killer. The Shelley mainnet will make the Cardano blockchain 100% decentralized, a dream that Ethereum and other altcoins have been unable to achieve true decentralization since the creation of cryptocurrencies.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.099

With the Cardano Shelley online, the network will move from the proof-of-work to proof-of-stake. This is most likely going to take place on or before the 31st of June, 2020 in line with IOHK’s roadmap. Teasing the Cardano community online, Hoskinson said; “Guys wanna know when Shelley is? Let’s tell ya… June 9 – this is when it opens up to everybody. The next date we have for you is June 16, that’s when we start putting things together end-to-end… If everything works without a hitch, June 30 we’re shipping Shelley.”

Less than 3 hours after Hoskinson made the announcement, the buying pressure for Cardano ADA surged as the token gained over 16% within less than 20 hours breaking the immediate resistance levels without setting new ones ahead. At the time of writing, ADA was trading at $0.063652. This means that it is up by 11.80% against the USD and up by 10.20% against the price of Bitcoin BTC. The trading volume over a 24 hour period is $493,803,756 and the market capitalization is $1,650,304,248. The major bullish surge is most likely going to keep rising and the token is already rubbing off on the price of altcoins.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.