Cardano Shelly News – There has been a lot of hype surrounding the Cardano Shelley upgrade. The upgrade on the Cardano blockchain is what is going to bring maximum decentralization to it. In our previous Cardano news, we talked about how the Cardano Shelley upgrade is going to make the Cardano blockchain 100 times more decentralized than Bitcoin according to Charles Hoskinson. This month, the Cardano Shelley upgrade will be activated on the testnet. IOHK released an updated roadmap for the Shelley project yesterday. If everything happens according to plan, the Cardano Shelley upgrade is going to change the game for Cardano and the ADA token. According to the Cardano news and Cardano price prediction 2019 on NewsBtc, Cardano Shelley is the key to Cardano’s success. Without it, there is a strong chance that the project will either die or never move past this level.
Cardano Shelley Testnet – Cardano Price Prediction 2019 – Cardano News Today – Cardano Latest Update
Cardano intends to become the top smart contract and dApp platform that displaces Ethereum. Over the years, the Cardano development team has worked hard to bring the project closer to this goal. Considering the fact that there are other projects like Tron, EOS, NEO, NEM and so many others struggling to displace Ethereum, it needs to stand out. With the Cardano Shelley upgrade, the blockchain will become a worthy Ethereum Killer. This fact is certain. However, there is no guarantee that the price of ADA is going to surge against the USD after the Cardano Shelley testnet activation.
Cardano (ADA) Price Today – ADA / USD
Initially, when the Cardano team released the updated Shelley roadmap, the price of ADA spiked significantly and it maintained the uptrend for a while. The Cardano Shelley upgrade made the Cardano price prediction 2019 bullish against the USD and BTC. Unfortunately, the price of ADA started to decline steadily thanks to the general negative sentiment in the market. Some analysts suggested the price of Cardano ADA was falling because traders were selling off their tokens as they weren’t sure if the Cardano Shelley upgrade will be done successfully or what effect it will have on ADA.
Cardano Shelley Testnet News – Cardano Price Prediction 2019 – Cardano News – Current Price Of Cardano
At the time of writing, the price of Cardano ADA was at $0.085826. This means that it is up by 6.92% against the USD and up by 3.56% against the price of BTC. The trading volume over a 24 hour period is $171,438,417 and the market capitalization is $2,225,196,973. It started surging this morning after trending in a bullish breakout pattern for days. This was after the sideways trend throughout May.
Over the last seven days, it is down by 2.1% against the USD. You’ll recall that the price of Cardano ADA had initially reached the $0.95 level. It’s a good thing the trend improved today. If the bears had continued dominating the market, the price of Cardano ADA would have fallen as low as $0.6 near-term. If the bulls continue to dominate the market, there is a high chance that the price of ADA will retest the $0.95 level again.
What do you think about the Cardano price prediction 2019 in our Cardano news today? Will the Cardano Shelley upgrade lead to a surge in the price of ADA? Share your thoughts in the comment section below.