Cardano News Today – 400 Cardano Staking Pools Registered on the Successful Shelley Hardfork – August 1st, 2020 

  • Following Successful Completion of the Cardano Shelley Hardfork, 400 Staking Pools Register Successful on the Blockchain 
  • Cardano ADA Stalls Despite the Surge in the Rest of the Cryptocurrency Market 

Cardano News Today – The Cardano Shelley hardfork has been completed successfully and the community hasn’t been able to stop talking about it since then. Following the successful hardfork, Cardano reported that more than 400 staking pools have been registered on the mainnet. More staking pools will be added to the network. As part of the migration to Shelley, the team released a fully functional Daedalus wallet which is now available to ADA holders. They also launched Graphql and Reset APIs. Even the read and write feature was updated.

Cardano News Today – Exchanges Start Adding Support for the Updated Adrestia Toolset

The team that released the Daedalus wallet is the same team that has been working on the Adrestia toolset. They announced that 10 exchanges out of the 15 that showed interest have integrated the Adrestia toolset already. They said that all these exchanges would have integrated it by the end of the new week. They also talked about the progress they made in the integration of the DeltaQ protocol with block fetch applications. They launched a tip-sample protocol successfully and data application functionality for P2P governors has been extended. At the same time, another team has been working on removing questionable aliases. They have removed redundant maps and checked the code to find out if there were any detectable problems on the blockchain.

While the Cardano blockchain has been making significant progress, the Cardano ADA token has been correcting lower against the USD. At the time of writing, the price of the Cardano ADA token had fallen to the $0.1300 level. It was trading at $0.140087. It was up by 0.61% against the USD and down by 3.35% against Bitcoin BTC. The trading volume over a 24 hour period is $285,437,249 and the market capitalization is $3,632,046,438. It initially fell as low as $0.1350 but the bulls gathered momentum and the token started to recover slowly against the USD.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.144

Keep in mind that the Cardano ADA token is currently the worst-performing token out of the top 10 on CoinMarketCap. Bitcoin, Ethereum, and even XRP have been rising since yesterday. Bitcoin’s surge above the $11k level has paved the way for a sustainable bull run. Cardano might be correcting lower because it spent the last few weeks surging even when the rest of the market was stable. There is still a strong chance that the bulls will retake control of the token. The next few days of trading will help us determine if the token will move higher near-term.

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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