Against the background of the approaching integration of the Shelley update into the work of the network, Cardano (ADA) grew in price by almost 10%.
On the night of Thursday, July 2, the coin rose to the highest level since June 30, 2019. At the time of publication of this review, the ADA rate exceeded $0.094.
Over the past day, the capitalization of digital currencies added 9.8% and reached $ 2.372 billion. Cardano rose to ninth place in the ranking of the most comprehensive digital currencies, ahead of EOS.
Over the past 24 hours, the coin showed the best results from the top ten altcoins. Observers associate the strengthening of ADA with the upcoming activation of the Shelley update.
Cardano founder Charles Hoskinson has repeatedly said that the Shelley solution is going to strengthen the decentralization of the project. The current version of the Byron network is a kind of transitional phase for the blockchain moving towards “true decentralization.”
This week, Hoskinson confirmed that developers want to update the software on July 29, 2020.