- Cardano Bursts Through Key Resistance Levels, Surges Toward $0.1400 After Stalling for Days
- Cardano Development Team Starts Countdown Ahead of the Final Shelley Upgrade
Cardano News Today – In our Cardano News yesterday, we noted that the Cardano development foundation was making plans to decide if the Cardano Shelley hardfork would go live on the 29th of July as scheduled. Before the end of trading yesterday, the team announced that the update was ready. Shortly after that announcement was made, the Cardano ADA token surged by almost 10% against the USD and it is still on the rise. In his recent YouTube video, Charles Hoskinson said that the Cardano blockchain will become the best in the industry after the successful hardfork implementation. The price of the token started to surge right after the video was released breaking resistance levels that it has been struggling with for more than two weeks.
Cardano News Today – Will Cardano Become the Best Blockchain Network After Shelley?
Charles Hoskinson and the rest of the Cardano community have strong faith in the Shelley upgrade. They haven’t been quiet about the numerous benefits that Shelley will bring, not just to the Cardano blockchain but to the entire industry. Several testnet have been released for Shelley but the final version will be released on the 29th of July as scheduled. Hoskinson said that the network will become 100% more decentralized than its current state and even more decentralized than Bitcoin and Ethereum. Creating decentralized applications and smart contracts on the network will also be easier, faster and cheaper.
Cardano (ADA) Price Today – ADA / USD
Hoskinson said that the entire Cardano Foundation has been working tirelessly over the last few weeks to ensure that all the bugs on the network are eliminated before the new mainnet is deployed. He said that they will keep double checking the network to ensure that they go through the checklist and everything is put in place before the 29th of July. Everything is good so far, according to Hoskinson. There is no reason to believe that the update will be delayed any further.
Cardano Bursts Through Key Resistance Levels, Surges Toward $0.1400 After Stalling for Days
In other news, the Cardano ADA token has entered another parabolic bull run against the USD. For more than two weeks, the price of the ADA token was stuck in the $0.1200 and $0.1220 level. Each time the token attempted to move higher against the USD, it faced resistance and corrected lower. Thankfully, the $0.1200 level acted as key support, preventing lower lows. In less than 24 hours, ADA has surged by more than 10%. It is now trading at $0.133287. It is up by 8.56% against the USD and up by 7.73% against Bitcoin BTC. The trading volume over a 24 hour period is $387,214,987 and the market capitalization is $3,455,732,592.