Post
Topic
Board Speculation (Altcoins)
Re: [ADA] Will Shelly effect Cardano's price?
by
shinratensei_
on 18/02/2019, 23:51:22 UTC
The eagerly awaited Shelley update is very much quickly nearing its release from the Cardano foundation.
Is such an upgrade should lead to a dramatic in price?

I doubt that the update will have a strong effect.
Cardano price (connected to Bitcoin) is one of the most stable coins in last few months. If there is any effect at all, it will be positive. 

Why there is such a strong connection between Bitcoin's price to Cardano's?
Because the bitcoin who has determined the price of cardano and it' not only cardano the whole altcoin pegged to the bitcoin. This update will possible to give a little impact to the price but this for short term.
I don't expect this can grow a lot for the long term.