Cardano News Today – Cardano Makes Major Decisions About the Shelley Hardfork Today, ADA Falls Back to $0.1220 Level – July 24th, 2020

  • Charles Hoskinson Says the Final Decision About the Shelley Launch on the 29th of July 
  • Cardano ADA Retraces But Continues to Hold the Line Above $0.1220

Cardano News Today – Yesterday, the founder of Cardano, Charles Hoskinson, said that they will make the final decision about the release of the Cardano Shelley Hard Fork launch which is scheduled to hold on the 29th of July. If the Cardano development team cannot make a decision today, they will have no choice but to shift the hardfork by at least five days according to Hoskinson. During the final announcement, the Cardano development team is also going to release an extensive report on what the community should expect in August. This will include information about wallets and exchanges that will be compatible with the token after the hardfork is complete.

Cardano News Today – Cardano Community Awaits the Major Announcement

Part of the blog post on the official Cardano website was as follows;

“We will include a lot of information about Ledger, Trezor, and all kinds of other things that gonna happen post hard fork, not everybody is completely where they need to be yet for the hard fork. So some of these services will temporarily go down for a week or two, maybe a little longer. There are mitigations for that if you need liquidity during that period like restoring your wallet in Daedalus for example. So we will cover all that next week. We will talk about which exchanges will probably be ready to go […] and which ones won’t be.”

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.137

The blog continues;

“If we get the green light tomorrow for tomorrow, then everything is deterministic for the 29th and the hard fork. Science points yes for that. The next window for that would be initiating the updated proposal on the 29th. We are just getting everything where it exactly needs to be and conduct all the tests. It’s been a busy two weeks. We worked at the weekends and were working 24/7. So, you may be noticed by the committed volume that it has been a ridiculously amount of work, mostly around integration and configuration. So each piece is working beautifully, but when you pull them together there are always rough edges.”

Cardano Price Prediction – Cardano ADA Retraces But Continues to Hold the Line Above $0.1220

In other news, the price of the Cardano ADA token has started retracing after the minor bullish rally yesterday. It is currently trading at $0.122473. It is down by 2.12% against the USD and down by 2.32% against Bitcoin BTC. The trading volume over a 24 hour period is $219,652,028 and the market capitalization is $3,175,369,169. The token will most likely hold the support at the $0.1200 level as it has for the past two weeks.

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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