Cardano News Today – New Pioneers Join the Cardano Shelley Testnet Network And ADA Surges Above $0.0800 – May 31st, 2020

  • Cardano Development Team Welcomes New Pioneers as Shelley is Set to Launch in June
  • Cardano ADA Price Continues to Rise in Parabolic Bull Run 

Cardano News Today – Cardano is currently the most popular blockchain network in the industry and the Cardano ADA token is currently the hottest token in the space. This is all thanks to the rapid development activity on the blockchain ahead of the Cardano Shelley mainnet launch. Everyone in the Cardano community has been waiting eagerly for the Cardano Shelley era to begin. This has picked a lot of investor interest in the network from existing and new members of the cr community because no one wants to lose out after the Cardano Shelley is launched on the mainnet. Now, new pioneers have joined the Cardano Shelley Family and Friends testnet which was launched earlier in the month.

Cardano News Today – New Pioneers Join the Family and Friends Testnet on Cardano

During the recent Cardano Live show, the development rolled out their plans for the Cardano Shelley mainnet launch with dates. Apart from stating the date of the Shelley mainnet launch, the team also stated that there are now 58 pioneer stake pools on the Friends and Family testnet. The number of stake pools is growing steadily and is expected to keep increasing. On the 28th of May, the Cardano development team released the Cardano Node 1.12.0 update on the blockchain. Their goal was to improve the already existing Cardano Byron on the Cardano mainnet. The Byron update was a crucial foundation for the Shelley mainnet launch.

Since the Byron update was completed, the price of the Cardano ADA token has been relatively bullish against the USD. Over the last three days, the token has increased at a faster pace. This was right after Charles Hoskinson said that the Cardano Shelley mainnet launch will start going live on the 30th or June and will hopefully end on the 7th of July. Hoskinson said;

“The rollout of the Shelley codebase represents a critical step towards our ultimate goal of empowering individuals – irrespective of their background or circumstances, to have access to financial services. Looking ahead, the implications of this transition are enormous. Shelley will set the stage for a fully distributed network, and an entirely new application ecosystem with even greater things to come in the Goguen, Basho, and Voltaire eras.”

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.099

Meanwhile, the price of Cardano is enjoying a smooth ride toward the $0.1000 level. Since it moved above the $0.056 level, it hasn’t found any resistance against the USD. At the time of writing, the price of the token was $0.081345. It is up by 16.36% against the USD and up by 16.33% against Bitcoin BTC. The trading volume over a 24 hour period is $689,159,747 and the market capitalization is $2,109,044,688.

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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