Bitrue Exchange: Ready for Shelly (ADA)

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Written by
4 years ago
In community: Cryptocurrency and Blockchain(7b7f)

Hi there Fellas. How have you all been. It has been more than a week since I wrote any article. I have been active by posting short posts and commenting of some of the really nice articles.

I guess we All aware of the recent bull run in crypto world which resulted in bitcoin crossing $11,400. I have frequently posted about Cardano (ADA) being a good investment and that it has a good potential to grow.

So tomorrow is the Cardano’s (ADA) highly anticipated Shelly upgrade for which the countdown is running since weekend. The development team went through the checklist multiple times and confirmed that the upgrade is on schedule.

Bitrue exchange has already announced on twitter about their support for the upgrade and used the #ReadyForShelly. They also announced that they will be offering 7% APR (Annual Percentage Rate) for a 30 days lockup plan for the Cardano holders.

I am very bullish about Cardano since I started following it in 2017, and this event has made me even more excited and I believe higher gains are on the way.

Do you know of any other exchange that will support the upgrade? Are you planning to invest in ADA or is there any other altcoin that are you eyeing? do tell in comments

Until next time......

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Avatar for Cryptonoob
Written by
4 years ago
In community: Cryptocurrency and Blockchain(7b7f)

Comments

Welcome back! :)) another great article from you

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User's avatar kli4d
4 years ago

Thanks very much. Really appreciate. Comments like these keep us motivated . Thanks again

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User's avatar Cryptonoob
4 years ago

Always welcome :))

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User's avatar kli4d
4 years ago

I know nothing of Cardano. What is this ADA token and what can it be used for? What is the purpose of this project?

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User's avatar Telesfor
4 years ago

Cardano is a blockchain project founded by Charles Hoskinson, co-founder of ethereum. It used proof of stake and soon will have similar use cases as ethereum once they launch smart contracts and native apps. Also Shelly upgrade will make it fully decentralized. Just after the announcement of Shelly upgrade last month, it moved from #11 to #6 on CoinMarketCap. I am sure you can find better sources than me on internet for more info

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User's avatar Cryptonoob
4 years ago

Interesting. I'm an advocate of Ethereum and have done a lot of research on it. I'm going to take a look at Cardano. ADA doesn't exist on the Exchanges I use. Somewhat alarmingly, I find that the trading volume of ADA is quite low. This means that the price can rise quickly but also fall quickly.

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User's avatar Telesfor
4 years ago

True. Volatility index is around 84 which is very high. But if you read the white paper and the road map it looks very promising. also it has been titled Japanese Ethereum

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User's avatar Cryptonoob
4 years ago

Welcome back, hopefully this article will be the basis of the Cardano community

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User's avatar Ardian1206
4 years ago

Cardano has a bright future for sure. The word is out and people will listen sooner or later.

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User's avatar Cryptonoob
4 years ago
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