Cardano Launches Shelley Testnet Website!!! 🚀🚀🚀 + $70 Giveaway
Today we have a pretty cool and amazing set of cryptocurrency news to share with you.
Now, first up, we got Bitcoin price broke $10,000. According to NewsBTC, analysts believe that it’s Facebook Libra that makes Bitcoin soar after months and months of so-called “crypto winter”. Next, we got a report on Cointelegraph, noting that Bitcoin has just crossed the $11,000 line in June 22nd, less than 24 hours from the time it crossed the $10,000 line. This is super exciting guys. And finally, Shelley, one of the most anticipated steps in the development of the Cardano project, just saw the test net go live on June 21st, helping the company prepare for the transfer of blockchain governance from IOHK to the community. So, guys, we have lots of fantastic news to share with you today. If you want to hear all about it, please make sure you stay right until the very end!
And guys, the giveaway we have this week is a $70 Bitcoin token giveaway. If you want to win, all you need to do is to like, comment, and subscribe. We will be announcing who the winner is on Saturday, by drawing a video and then drawing a winner from the video. Good luck to you all guys!! And if you love what we do, then please make sure you like and subscribe to this video and just comment down below and you could win that $70 worth in Bitcoin tokens.
The Market Today
Now let’s have a glance at how the market is performing today. For the top 10 cryptocurrencies, there are reds all over the board. After a bullish run, this is predictable guys. Bitcoin shows a slight decrease with 0.8%, maintaining its price at around $10,700. At the second and the third position, Ethereum and XRP are falling by 2.66% and 4.86% respectively. Moving on to the top 20 tokens, there are still some greens, but reds are much more prominent. While UNUS SED LEO is gaining 2.55% in the past 24 hours, NEO is losing severely by 7.22%.
Facebook Libra Token To Bring the ‘Crypto Spring?’
Now let’s get straight to the news we got for today. As you all know, in the past few weeks, the Bitcoin price was pulling significantly. According to NewsBTC, Bitcoin (BTC) analysts think that the introduction of Facebook Libra has pushed the cryptocurrency market higher. Some say that the new coin introduction has marked a new period with the so-called name: “crypto spring”. More specifically, the launch of Facebook’s digital asset purportedly increased public sentiment regarding Bitcoin and other tokens on a large scale.
According to The TIE, a crypto analytics provider, sentiment regarding Bitcoin is still widely positive. On Twitter, the upstart claimed that:
The Libra Coin announcement played a massive role in driving Bitcoin to $10,000. After Facebook’s official partner list for Libra Coin was revealed by @TheBlock__ on June 14th sentiment on Bitcoin almost immediately flipped positive leading significant upwards price movement.
This sentiment chart is provided by The TIE, collecting keywords from tweets mentioning “Bitcoin”, with the value of BTC overlayed. You can see that there is a similar pattern in the movement of the two lines. The TIE also pointed out that a large portion of the tweets mentioning Libra is from a consumer, non-crypto-native audience. They postulate:
Libra is driving increased conversations around cryptos more broadly. It will be interesting to see how sustainable this development is.
Bitcoin Breaks the $11,000 Price Line
Following this trend, reported by Cointelegraph, on June 22, Bitcoin price broke the $11,000 line, up a notable almost 13 percent in the past 24 hours. On June 21, Peter Brandt, a professional trader, tweeted that: “Bitcoin takes aim at $100,000 target. $btcusd is experiencing its fourth parabolic phase dating back to 2010. No other market in my 45 years of trading has gone parabolic on a log chart in this manner. Bitcoin is a market like no other.” Meanwhile, other altcoins also surged, with ETH seeing a $300 high over months.
Earlier this month, in an interview with Bloomberg, the founder and CEO of Digital Currency Group believed that it:
looks like, perhaps, we are coming out of a crypto winter and we’ve entered a crypto spring.
Shelley Goes Live On June 21
Moving on to the last news item for today. Per a report by cryptoslate, Shelley, one of the most anticipated steps in the development of the Cardano project, finally went live on June 21 as an official statement from the Cardano Foundation. Cardano, the brainchild of Ethereum co-founder Charles Hoskinson, the founder of IOHK, has released a roadmap showing that it is gradually transitioning from the Byron to the Shelley era. The new testnet is going to be rolled out in 3 separate phases. The first phase will enable users to host a Rust self node and establish the basic configuration of stake pools. After that, various nodes will be connected into a “single unified testnet”. And in the third phase, the delegation and incentives scheme will be initiated.
For those who are unaware, Cardano’s Shelley update has been one of the hottest topics in the blockchain community. Last month, Charles Hoskinson said that Cardano will emerge from 2019
100 times more decentralized than Bitcoin.
So what are your thoughts on these situations guys?
Why do you think Bitcoin recently surged?
Do you believe that Bitcoin prices will go even higher than $11,000 in the next few days?
Or you think it will soon go down below $10,000?
And are you excited that Cardano has launched its new testnet?
Let me know what you guys think in the comments below. And remember you can win $70 in Ether token. All you need to do is like, comment, and subscribe. It’s your girl Cindy with Cryptopig. I’ll be seeing you guys tomorrow.
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Disclaimer: Cryptopig content is written by a team of blockchain passionate people. We are not registered as investment advisors. Don’t take the information in this post as investment advice and make sure you do your own research before investing. Cryptocurrencies are a very risky investment, never invest more money than you can afford to lose.