Wednesday, January 20, 2021

Number of Addresses Holding Cardano (ADA) Hits ATH as Shelley Launch Approaches

As a recent report has it, the total number of addresses holding Cardano (ADA) reached its all-time high on 3rd June 2020, as the official launch of Shelley approaches.

This new milestone was reported a few hours ago, via the official Twitter handle of “intotheblock”. The price of Cardano (ADA) has been experiencing steady uprising since the possible date of Shelley launch was hinted by the CEO of IOHK, Charles Hoskinson.

Total Number of Addresses Cardano (ADA) Holding Reaches All-Time High

According to the report made available by intotheblock, there has been a significant increase in the number of addresses holding Cardano (ADA).

The chart captioned in the report revealed that the total number of addresses holding ADA attained an all-time high on 3rd June 2020, with 385,080 addresses, indicating an increase in interest towards Cardano project.

intotheblock shared this, “Raising the Stakes. Cardano, or the so-called “Ethereum Killer” is looking sharp as the Shelley protocol transition is fast approaching. The total number of addresses holding ADA reached its ATH on June 3, with 385.08 thousand addresses.”

Friends & Family Testnet to Go Live This Week

According to a weekly update based on Shelley rollout published on 5th June 2020, this week will welcome another notable development towards the eventual launch of Shelley.

Per the report, on 9th June, the Friends & Family testnet will be opened up for the community of stake pool operators to join, which is a vital step towards the full decentralization of the Cardano (ADA) network.

Cardano (ADA) in the Market

Cardano (ADA), the 10th largest cryptocurrency by market cap, has been making notable gains in the market over the past few days. This significant price growth started getting obvious after the CEO of IOHK, Charles Hoskinson hinted at the possible date of the much-awaited Cardano network upgrade.

This development is also attracting more investors towards the cryptographic project, which resulted in a notable increase in the number of addresses holding the digital asset ADA. At the time of filing this report, ADA is trading at $0.086167, with a 0.24% price increase in the last 24 hours.

Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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