Following an announcement that a new upgrade of the Cardano blockchain platform will launch in June, the platform’s native token ADA is seeing strong growth in the market, outperforming nearly all other top 100 cryptoassets by market capitalization over the past 24 hours.
As of press time (06:34 UTC), ADA was up by 18% in a day, making it the second-best performer in the top 100 over the same time period (blockstack (STX) jumped by 20%). The asset has also seen a rise of 25% over the past 7 days, and is currently trading at USD 0.0652.
At the same, time bitcoin (BTC) is up by 4% in a day, trading at USD 9,543. Ethereum (ETH) advanced by almost 7%, to USD 221.
Speaking in a live-streamed development update on Thursday, Cardano founder and CEO of Cardano development firm IOHK, Charles Hoskinson, revealed a number of dates related to the transition to the platform’s “Shelley era.”