- Cardano ADA Is Up By 150% Against the USD Year to Date
- Cardano ADA’s Latest Price is Bearish Against the USD But There Might be Hope After the Shelley Update
Cardano News Today – Cardano is one of the most popular blockchains in the community. While it is still not as popular at Ethereum, there is a strong chance that the smart contract platform might overtake Ethereum soon in terms of popularity. In 2017 and 2018, everyone in the blockchain community believed that smart contracts will be the next big thing in the world. The fall in the price of cryptocurrencies following the significant surge in price leads to a reduction in this frenzy. This year, the interest in smart contracts and initial coin offerings has increased and Cardano is right in the middle.
Cardano News Today – Cardano Has Surged By More Than 150% Thanks to the Upcoming Shelley Mainnet Launch
Since the beginning of the year, the Cardano ADA token has surged significantly against the USD. It has gained more than 150% from its yearly low of $0.028. Last month, the price of Cardano ADA moved as high as $0.0980 against the USD but it was unable to cross the all-important $0.1000 level. Unfortunately, the resistance at this level pushed the price of Cardano ADA lower against the USD and it hasn’t been able to gather significant bullish momentum against the USD since then.
Cardano (ADA) Price Today – ADA / USD
Cardano isn’t the only smart contract platform that has been making waves recently. Ethereum, EOS, Ethereum Classic, VeChain, Algorand, and Tron have been doing well in terms of development. In terms of price, Cardano is making the most significant progress. Ethereum ETH is up by 85% against the USD and VeChain vet is up by 70% against the USD since the beginning of the year. They are still a world away from their all-time highs but doing well compared to Bitcoin BTC. The Bitcoin token is up by 25% against the USD.
Cardano Shelley is the primary reason why the token has made such significant progress against the USD. With the Cardano Shelley mainnet scheduled to take place in a few weeks. The Cardano development team said;
“Shelley will also see the introduction of a delegation and incentives scheme, a reward system to drive stake pools and community adoption… Come to the end of the Shelley era, we expect Cardano to be 50-100 times more decentralized than other large blockchain networks.”
At the time of writing, the price of Cardano ADA was $0.079171. It is down by 1.65% against the USD and down by 0.65% against Bitcoin BTC. The trading volume over a 24 hour period is $174,935,749 and the market capitalization is $2,052,676,050.