The price of Cardano saw massive gains in the last hour, with the price pumping by approximately 15% in the last 17 hours. ADA pumped after Cardano Foundation announced the release of Cardano 1.5.
Cardano 1.5 has been released to the mainnet today! Daedalus users need to upgrade to Cardano 1.5 by installing Daedalus 0.13.0 by following prompts in Daedalus. For more information, check out the announcement here: https://t.co/Zfxcz2GjRJ
— Cardano Foundation (@CardanoStiftung) March 20, 2019
A Twitter user @AlexHPutra tweeted the upcoming updates for Cardano,
“Cardano as the 3rd generation blockchain, is moving toward the most anticipated Shelley phase (Decentralization & Staking).
1. Shelley on Testnet (31 March or earlier).
2. IOHK Summit in Miami – New Cardano Roadmap (17-18 April)
3. Shelley on Mainnet (20 April or earlier).”
At press time, the price of ADA was $0.0570, while the market cap for the coin stood at $1.46 billion. Cardano was the eleventh largest cryptocurrency in terms of market cap. The 24-hour trading volume of Cardano was hanging at $102 million, while most of the volume was contributed by ZBG exchange via the ADA/USDT pair.
The one-hour chart for Cardano showed an uptrend that extended from $0.040 to $0.054. The price bounced off the support at $0.050, and breached the resistance at $0.054. The coin was soaring higher, at press time.
The Parabolic SAR markers spawned below the price candles on 22 March, 2019, at 02:00 UTC, indicating a reversal of the prices to the upside.
The MACD indicator showed a bullish crossover of the MACD and the signal line. The histogram showed green bars forming above the zero-line.