Cardano (ADA) Price Spikes as the Network Changes Team Members Ahead Of Shelley Update

As we approach the release of Cardano’s testnet later this month, the Blockchain network is beginning to carry out a few key changes to its team as it looks forward towards this new chapter in the network’s history. An area where Cardano made massive changes is in its recruitment of a new global PR, communications and marketing director. This change has had a positive effect on the price of ADA. How high can Cardano price go after the famous Shelley Update?

Cardano (ADA) Price Today – ADA / USD

Name Price24H (%)
Cardano (ADA)
$0.052103
-11.30%

Cryptocurrency Market Update: Bakyt Azimkanov Has Been Appointed to Head The Position

The Blockchain network announced this Monday that it had decided to appoint Bakyt Azimkanov to take up the role as they start to widen their popularity around the globe.

The growth of cryptos is widely tied to lots of or excellent publicity. Justin Sun of the Tron protocol is a perfect example of this.

Sun has been using announcements via his Twitter handle to drive Tron price. He does this to ensure that the coin stays at the foremost of discussions in the cryptocurrency community. Recently, he tweeted about a big announcement and that resulted in a spike in the price of TRX.

Cardano has had this problem for a while now with many in the crypto space blaming the coin’s lack of publicity as a primary reason for ADA not getting the level of mainstream adoption it is supposed to get.

Cryptocurrency Market Update: Azimkanov’s Appointment Will Solve the Issue of Mainstream Adoption

The company’s appointment of Azimkanov is meant to solve this issue as the new executive will be in charge of monitoring and developing marketing strategies for the Network. Azimkanov is a renowned member of the sector. He is regarded as an industry expert in journalism and community relations.

Cardano’s latest executive has previously worked with top dogs like Ernst and Young. He worked with E&Y as head of social media engagement and global media relations. It is expected that Azimkanov arrival to Cardano would bring fresh ideas that would effectively transform the fate of the coin. It will help ADA price as the network prepares to enter the Shelley phase.

Cryptocurrency Market Update: Cardano Price Trading in the Green

The cryptocurrency market reportedly turned green this past Wednesday with several top coins posting positive gains. The number one digit asset by market capitalization, Bitcoin moved past the $8,000 mark and is currently trading over this level. Other coins on the list have performed well as well. Cardano our focus for this content, is among the big winners after it posted double digits gains. As of press time according to CoinMarketCap Cardano was the number 33 largest coin in the market.

The coin’s ROI stands at -334%. There is a total of 25,927,070,538 ADA currently in circulation. ADA has a market cap of $2,440,968,986.

The price ADA against the USD and BTC was at $0.094148 and 0.00001155 BTC respectively. Cardano has a 24 hour trading volume of $241,802,277 at press time.

Cardano is a blockchain network that has evolved from adopting an ordinary scientific and research-driven model towards Blockchain tech to become a top dog in the sector. The coin native to Cardano, ADA, is focused on the creation of smart contracts that offer solutions to real-time issues. ADA is one of the most respected tokens in the crypto market.

Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.

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