Cardano News Today – Cardano Shelley Testnet Launches Today Ahead of the Cardano Shelley Mainnet Launch – June 9th, 2020

  • Cardano Shelley Launches the Final Shelley Testnet Ahead of the Upcoming Mainnet Launch
  • Social Mentioning of Cardano and Shelley is Through the Roof After the Announcement

Cardano News Today – Yesterday, the number of social mentions of Cardano and Shelley related terms went through the roof. This was primarily because the Cardano development team announced that the Cardano Shelley testnet is set to go live today. The current testnet is to go live in line with the roadmap Cardano made for the Shelley mainnet launch over a year ago. The team has been able to meet up to this schedule and maintain the roadmap despite all the delays that have slowed down the development of other cryptocurrencies. The COVID-19 pandemic did not slow Charles Hoskinson and other members of the Cardano team from manning progress.

Cardano News Today – Cardano Shelley Incentivized Testnet to go Online Today

As soon as the Shelley testnet goes online, all those who are interested can start staking on the network. This is the final test before Cardano fully transitions into the proof-of-stake protocol which promises to make the blockchain 100% decentralized. The weeks leading to the Cardano Shelley mainnet launch is going to be busy for IOHK and all the members of the Cardano development team. The marketing communications director at IOHK, Tim Harrison, said that they will be moving at an extremely quick pace in the coming days. In his words;

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$1.60

“On [June 9], we’re entering a new phase for Cardano. The Shelley testnet will open up to any operator who wants to set up a Cardano stake pool, ready for staking, and delegation on mainnet later this summer. There will be bugs and a few bumps in the road still. But our pioneer community has been doing an excellent job of bashing and smoothing things out with over 60 pools now up and running and they’ll be around to help.”

Cardano News Today – Members of the Cardano Community Reach All-time High

The Cardano Shelley mainnet launch has led to a lot of interest in the cryptocurrency community. Previous holders of the ADA token have been buying and holding more tokens. New members who have never owned tokens have started buying ADA tokens. The number of Cardano holders has reached a new all-time high because of the development activity.

About 70% of the Cardano ADA community is bullish about the network and the token. The token is increasing at the same pace as social listening even if the price of the token has been consolidating for the last two days. At the time of writing, the price of Cardano ADA was $0.084801. It is down by 1.21% against the USD and down by 0.68% against Bitcoin BTC. The trading volume over a 24 hour period is $198,825,298 and the market capitalization is $2,198,633,808.

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.

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.