NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Cardano Reaches “Orbit” as Shelley Launches Successfully: Charles Hoskinson

Nick Chong
Nick Chong
4 years ago
2 mins read
Cardano

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Cardano developers and stakeholders rolled out the main net for the Shelley upgrade today, marking a shift to a more federated blockchain with staking enabled for all.

Blockchain founder Charles Hoskinson announced his excitement in a tweet published just an hour ago. Emphasis his, Hoskinson wrote:

“We have reached Orbit. Shelley Hard Fork is Successful. When Shelley? Now!!!!!!!!!! Shelley has fully launched.”

We have reached Orbit. Shelley Hard Fork is Successful. When Shelley? Now!!!!!!!!!! Shelley has fully launched https://t.co/ckuiVJfqnZ pic.twitter.com/jPYG7f5FOq

— Charles Hoskinson (@IOHK_Charles) July 29, 2020

The launch comes after a multi-day preparation process that saw developers run through a launch checklist to ensure everything went smoothly.

As reported by NewsBTC previously, this process involved a stress test and releasing final versions of software for the launch. IOHK, a leading development company behind Cardano, wrote this just around 12 hours ago suggesting that everything was fine:

” We’ve released the final hardfork-ready versions of cardano-graphql, cardano-rest and cardano-db-sync. We still have a small amount of work to do on the wallet backend and explorer, as well as continuing to optimize performance across the board. But nothing major now.”

Cardano (ADA) Drops on the News

Despite this positive news, the price of the native asset of the Cardano ecosystem, ADA, has dropped 5% in the past 24 hours as per Coin Market Cap. Into The Block, a blockchain analytics firm, suggests that there is crucial on-chain support at $0.124, potentially implying further losses without a bounce.

ADA may continue to underperform if Bitcoin and Ethereum start trending, the head of technical analysis at Blockfyre recently opined:

“If $BTC and $ETH start trending. I’d be cautious on longing #ALTS. Especially if this is the start of a new BTC trend upwards. The most likely out come would be alt/btc pair ratios getting drained while BTC moved past 10.5k in that scenario. I also wouldn’t look to fade 1st move.”

Long-Term Growth

Despite the short-term price drop in the price of ADA, Hoskinson and other members of the Cardano space are optimistic about the chain’s long-term prospects. Hoskinson wrote in a tweet published on July 26th that he thinks in 12 months, there will be “hundreds of assets running on Cardano” and thousands of dApps:

“This time next year I predict there will be hundreds of assets running on Cardano, thousands of DApps, tons of interesting projects and lots of unique use and utility. 2021 is going to be so much fun watching Cardano grow and evolve. The community is definitely ready to innovate.”

Not everyone is optimistic though.

Alex Saunders, a cryptocurrency analyst, shared that he would “take the other side of that bet” that there will thousands of dApps. “There’s not even that many devs familiar with your system. I do think you can get there in 5. Sorry, @IOHK_Charles let’s keep it realistic,” Saunders shared.

But right now, it’s hard to tell where exactly Cardano goes, especially with a cryptocurrency bull market on the horizon.

Featured Image from Shutterstock
Price tags: adausd, adabtc
Charts from TradingView.com
Cardano Reaches "Orbit" as Shelley Launches Succesfully: Charles Hoskinson
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Cardano (ADA) Turns Upward

Cardano (ADA) Turns Upward — Signs of a Recovery Emerge

Cardano price started a fresh increase from the $0.5650 zone. ADA is now consolidating and might attempt a clear move...

Aayush Jindal 4 days ago
Cardano (ADA) Sideways

Cardano (ADA) Sideways — Support Intact, But No Spark for a Move Yet

Cardano price started a fresh decline from the $0.590 zone. ADA is now consolidating and might attempt a fresh increase...

Aayush Jindal 1 week ago
Cardano

Can Cardano Lead In Bitcoin DeFi? Founder Says It Needs A Central Voice First

Cardano is making moves to become a hub for Bitcoin DeFi. According to Cardano founder Charles Hoskinson, the network has...

Christian Encila 1 week ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

ada, cardano koers, waarom stijgt cardano

ADA koers pumpt harder dan Bitcoin en Ethereum – waarom stijgt Cardano?

Lars Diederiksen 1 day ago
Cardano

Cardano Charts Just Did Something They’ve Never Done Before

Christian Encila 1 day ago
Cardano price news

Analyst Predicts 2,000% Cardano Rally: ‘Fractal Is Too Clean To Ignore’

Jake Simmons 2 days ago

Premium Sponsors

Press Releases

  • Dự Đoán Giá Pudgy Penguins – Meme Coin Tiềm Năng...

    17 minutes ago
  • Bitcoin Có Thể Đạt 150.000 USD – Các Đồng Coin...

    28 minutes ago
  • Altcoins

    Giá Crypto Bùng Nổ Khi Bitcoin Chạm Mốc 116.000 USD...

    40 minutes ago
  • 3 altcoiny, které sledovat ve druhém týdnu července 2025

    3 altcoiny, které sledovat ve druhém týdnu července...

    2 hours ago
  • 3 алткойна, които да следите през...

    3 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.