Over the past day, the price of altcoin has risen by 14%. This is more than any other digital coin in the top 100 by capitalization. This dynamic may be related to the upcoming update of the asset's blockchain
On Friday, may 29, Cardano became the leader of growth among the top 100 cryptocurrencies by capitalization. Over the past day, the asset price has increased by 14%. It started to get more expensive after the project's founder, Charles Hoskinson, announced that the transition to the updated version will take place from June 30 to July 7, writes DeCrypt.
"The functionality of the Shelley era will provide true decentralization through the advanced Ouroboros consensus algorithm and a research-based reward system," the project said in a statement.
His representative added that after the update, Cardano will become 50-100 times more decentralized than other major blockchain networks. Earlier, Hoskinson compared the dollar to one of the largest cryptocurrency financial pyramids — OneCoin. This is how the head of a blockchain startup reacted to the fed's plans to issue an "infinite number" of dollars to support the country's economy.