Cardano takes off, ADA jumps 12% with testnet coming: 'Can do a 2x'

12 Jun, 2019
by Jelmer van der Dussen
Price Action
Cardano takes off, ADA jumps 12% with testnet coming: 'Can do a 2x'

Cardano is leading a green cryptocurrency market today, with ADA up 12% in the last 24 hours. 6% of the gains were made in the last two hours.

ADA jumped 1 full cent, from $0.083 to $0.093 over the last day. The reason for Cardano's surge seems to be on the development side. On June 15, 3 days from now, Shelley Testnet will be launched. According to recent info shared by the team, Shelley Testnet will start with a small closed pool of trusted stake pool operators and a Minimum Viable Product, with more functionalities and operaters being rolled out from now until October.

ADA/USD Chart provided by Tradingview 

According to founder Charles Hoskinson, 'Shelley Testnet will give a mainnet experience to users'. It's a big step for the Cardano project, that has 50 engineers working fulltime on the project now.

Traders are also closely watching ADA's movement, and not only because of the Shelley release.

Altcoins are performing well
Cardano is not the only big gainer in the cryptocurrency market today. Litecoin is still rocking it, trading at almost $140 after 10% gains in the last 24 hours. NEO is also rising, being up 6%. ICON, TRON, ZCash and Binance Coin are also up 6%.

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