Cardano Getting Ready for Major Shelly update – Jaw Dropping 24% gain

Steven Anderson By Steven Anderson June 13, 2019 Off

Cardano is leading the market with a jaw-dropping 24% gain.  Cardano is the 10th largest cryptocurrency, has a current market capitalization of $2.4 billion and it has been changing hands at $0.0946 with more than 7% gains in the recent 24 hours.  ADA continues to be one of the best performing Altcoins.  The coin continues to grow steadily, and it has managed to gain more than 30%.

Cardano is getting ready for the Shelly update.  Technically, ADA/USD is capped in the $0.0980-$0.0990 range.

Justin Sun, CEO of TRON, will be moving his power lunch with Warren Buffet to the Silicon Valley.  Ever since the tradition of annual “power lunch” started the meal will take place in San Francisco.

Sun stated, “We want this lunch to be a bridge between the cryptocurrency community and the traditional investor.”  He wanted to draw Warren Buffet out of his comfort zone. However, Buffet, as the World knows, is conservative in his approach to investment.

Sun further stated that “It might be unrealistic to convince Warren Buffett, in just three hours, to buy cryptocurrencies.” However, he also opined, “But we want to show him the recent progress of cryptocurrency and blockchain technology. It’s not only about Tron itself, but it’s also about crypto and blockchain, the whole industry.”

Despite Buffets opinion about the cryptocurrency and blockchain industry, he recently stated, “I’m delighted with the fact that Justin has won the lunch and am looking forward to meeting him and his friends.”

The meeting is likely to take place at an undisclosed restaurant on July 25, 2019.            

The price of Ethereum is up by 5.9%.  While building networks is a sign of progress, Ethereum is resolute and has a visible road map about their subsequent projects.  The ETH bulls are as well steadfast. As the price consolidates at $230 a tinge of weakness in the bullish trend is seen; however, the overall odds are in favor of the upside.

There is a trend of aggressive traders buying in the smaller dips and making profits in smaller time frames. For as long as the prices trade above $230, the trading plan will work for such traders.

Trading volumes are low after the shrinking participation and price correction after late May. A rally for ETH to $400 is a possibility if ETH would break free from its momentum consolidation. Technical indicators have to state that unless the rally crosses past $290, bears might take over eclipsing 410K.