Cardano News Today – Cardano Surges Above the $0.0700 Level, Ethereum and Other Altcoins Follow ADA’s Lead – May 30th, 2020

  • Cardano ADA Price Continues to Surge Moving Above the $0.0700 Level for the First Time Since February
  • Altcoins Follow Cardano’s Lead in What is Now a Market Wide Price Rally

Cardano News Today – The price of Cardano ADA has been rising steadily since the beginning of the year thanks to the upcoming anticipation surrounding the Cardano Shelley mainnet launch. In February, the price of the ADA token suffered a significant hit along with the rest of the cryptocurrency market. The token lost most of its January and February gains in March. Shortly after. The price started to recover again and has maintained the bullish momentum since then safe for the few drops against the USD. Over the last 48 hours, the price of the Cardano ADA token has surged significantly against the USD gaining more than $0.02000 within the said period. Now, the rest of the cryptocurrency market has joined the surge against the USD.

Cardano News Today – Cardano Reaches $0.0700 for the First Time Since February

The current surge of the price of Cardano ADA against the USD over the last 48 hours is most likely due to the announcement Charles Hoskinson made about the Cardano Shelley mainnet  launch. Hoskinson said Cardano Shelley is going to bring the blockchain into the decentralized era next month. Long before now, Hoskinson and the rest of the IOHK promised that the Cardano Shelley mainnet launch will roll out this year. Hoskinson even vowed to quit as executive and become a monk if the Cardano Shelley doesn’t roll out on the mainnet this year. IOHK didn’t delay the roll out of the Shelley update despite the Coronavirus pandemic that has delayed the development of many other blockchain networks.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.098

At the time of writing, the price of the Cardano ADA token was $0.070486. It was up by 11.03% against the USD and up by 9.24% against Bitcoin BTC. The trading volume over a 24 hour period is $458,177,191 and the market capitalization is $1,827,502,665. Bitcoin BTC, Ethereum ETH and many other top tokens on CoinMarketCap have joined Cardano’s lead. Bitcoin BTC was moving toward the $10,000 at $9,567.15. It is up by 1.49% against the USD. Ethereum ETH is trading at $234.81. This means it is up by 7.08% against the USD and up by 5.51% against BTC. The trading volume over a 24 hour period is $13,009,786,460 and the market capitalization is $26,097,166,397. Altcoins are moving faster than Bitcoin, but Cardano ADA is leading the surge. If the bulls continue to reign, the token will reach $0.1000 soon.

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.

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