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6 June 2023
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Cardano News Today – Cardano Seals Deal With Hyperledger But ADA Gets Hit By the Bears As it Retests the $0.0700 Level

  • Cardano Successfully Seals a Deal With Hyperledger
  • Cardano ADA Nosedives, Falls Below the $0.0700 Level Despite the Upcoming Cardano Shelley Mainnet Launch 

Cardano News Today – Hyperledger has spent the last few years recruiting the best blockchain firms to join its network. The latest blockchain to join the Hyperledger group is Cardano and it has brought the number of companies using the blockchain as high as 250. Some other popular companies in the Hyperledger network are Ripple, FedEx, Walmart, and Huawei. This number is only going to keep increasing so it’s not a surprise that Cardano has joined the group. Cardano isn’t the only firm that joined Hyperledger recently. In the announcement, Hyperledger announced that the new members are DB Systel GmbH, IOVlabs, Public Mint, Binarystar, Atomyze by Tokentrust AG.

Cardano News Today – What will Cardano Gain From Joining the Hyperledger Group?

The Hyperledger group is an open-source blockchain consortium that is focused on introducing structures and solutions that benefit its members. While it is a blockchain consortium, not all the members of the group are blockchain-based companies. Joining Hyperledger will open a door of limitless opportunities for Cardano. Roman Pelerin, the Chief Technology Officer at IOHK, had this to say about partnership;

Cardano (ADA) Price Today – ADA / USD

Name Price
cardanoCardano $0.080

“One of IOHK’s founding principles is its belief in nurturing a collaborative ecosystem for blockchain development. Our commitment to knowledge-sharing and to our deeply-held principles of open-source serves as the rationale behind becoming a member of the Hyperledger community.”

Hyperledger also had something positive to say about its new members;

“Our goal at Hyperledger is to bring together a strong and diverse community to advance cross-industry blockchain technologies,” said Brian Behlendorf, executive director at Hyperledger. “IOHK has the deep domain expertise and a strong vision for decentralized networks that make it a great addition to our community.”

Cardano News Today – Cardano ADA Falls Below the $0.0800 Level As Bulls Lose Their Grip

At the time of writing, the price of the token was $0.079497. It is down by 2.74% against the USD and down by 0.03% against Bitcoin BTC. The trading volume over a 24 hour period is $322,894,805 and the market capitalization is $2,061,135,466. The Cardano ADA price is falling after a significant surge against the USD over the last few weeks. After rising by more than 70%, the price of Cardano ADA is now entering the bearish territory. With the Cardano Shelley mainnet launch is on the way and it’s surprising that the ADA token is losing its bullish grip at this time. It’s possible that people are selling their tokens because they don’t know what to expect after the Shelley mainnet launch.

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