Cardano (ADA) Surges 45% Following Mainnet Launch Date Announcement
Cardano (ADA) saw a surge of bullish activity this week after Charles Hoskinson, the CEO of IOHK and the head figure behind the Cardano blockchain, finally provided a launch date for the much-anticipated Shelley mainnet.
According to Hoskinson, the Shelley mainnet hard fork is scheduled for July 29 with the first public staking rewards available on August 18.
When Shelley? Here you go pic.twitter.com/wW08DOFstW
— Charles Hoskinson (@IOHK_Charles) May 28, 2020
Shelley’s release has been plagued by delays. The original plan was to launch the mainnet before the end of 2019, but IOHK was only able to deliver the incentivized testnet at the time.
As a result of the news, ADA has surged in price over the last 2 days and is now up over 45% to $0.08. The altcoin is currently trading at levels last seen in July of last year.
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Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.