Cardano Price Prediction: Cardano Foundation Launches Shelley Testnet Website, Market Reacts

Yesterday was a remarkable day in the cryptocurrency space. The prices of most digital currencies in the market skyrocketed with Bitcoin (BTC) being the pilot of it all. The price of Bitcoin (BTC) tested a new year-to-date high after it broke over the $11k level. A lot of altcoins also experienced a significant level of growth such as Ethereum (ETH), XRP (XRP), Binance Coin, Bitcoin Cash, Litecoin, NEO, Ubex (UBEX) and several others. Another digital currency that amassed enough gains also is Cardano (ADA). Cardano is the 11th largest digital currency by market according to CoinMarketCap, and the digital currency is responding positively to the bullish Cardano news and developments around it.

Cardano News Today: Cardano Foundation Finally Launches the Shelley Testnet Website – Cardano Price Prediction 2019

The Cardano project is still under development and Shelley is one vital, long-awaited phase of the development. The foundation has been working hard to improve and develop the blockchain of Cardano. According to a recent announcement by the Foundation, the Shelley testnet just went live. Per the announcement, the testnet website went live on the 21st of June and more features will be unveiled in the next couple of months.

Cardano (ADA) Price Today – ADA / USD

Name Price24H (%)
Cardano (ADA)
$0.052226
-10.67%

Cardano is regarded as the future of blockchain by some developers and digital asset investors. The blockchain project has been one of the most talked about in the industry over the past couple of years. This blockchain project was founded by Charles Hoskinson – Ethereum co-founder. The blockchain project recently released a new roadmap. According to the roadmap, the project is gradually migrating from Byron to the Shelley era. The official website of the project stated that the testnet of Shelley provides a way for developers and users in the Cardano community to experiment with staking.

Developers can now create a group of stake pools in Cardano; this would help the firm prepare for blockchain governance transfer from IOHK (Input-Output Hong Kong) to the Cardano community. The firm said that the stake pool testnet will be released on 3 different stages. The first stage will let users host a Rust self node and create the fundamental configuration of stake pools. In the second stage, several nodes will be connected to form a single unified testnet. Whereas, the third stage will see the initiation of delegation and incentives scheme.

Crypto Market Update: Will this Cardano News Today Have an Impact on Its Price? – Cardano Price Prediction 2019

Cardano has seen a series of developments over the past few years. The blockchain project has been growing at a fine pace. The price of Cardano is also responding to these developments, but not as some digital asset investors expect it to respond. However, Cardano is one of the best performing digital currencies in the market, and it is considered one of the best cryptocurrency to invest in 2019.

This development will have a significant impact on the price of Cardano, if not now, in the near future. As the blockchain of Cardano looks more attractive, it will experience an increase in use-cases. When more developers start using the blockchain, it would increase the value of the project, which would result in an increase in the price of the digital currency also. The crypto market is currently in a slight correction phase at the press time. Bitcoin (BTC) price is now below the $11k level. However, the price of Cardano is still surging higher. Can ADA break over the Cardano price prediction 2019 of $1?

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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