Cardano moves towards decentralization as its price consolidates

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Cardano is in the spotlight for over the last few weeks as a wave of developments and partnerships are unveiled.

ADA's market value continues lurking.

David Desser, senior product manager at Cardano, recently revealed in a live AMA session that the company's team is set to launch the incentivized testnet for Shelley, whose testnet went live in mid-June.

The goal is to make the ADA's blockchain 250x more decentralized than other protocols, according to Charles Hoskinson, founder of Cardano.

As Cardano takes a significant step for a more decentralized, censorless, and trustless protocol, the company behind it, Input-Output Hong Kong, is shifting its focus towards the real-world uses of blockchain technology.

Despite the positive news surrounding ADA and the upcoming release of Cardano Wallet 1.7, its price has been consolidating for more than a month without clear signs of a breakout.

On Sept. 24, Cardano plunged nearly 24 percent from a high of $0.047 to a low of $0.035.

Cardano is moving forward as it makes huge upgrades to its protocol that plans to make it more decentralized.

Even though the firm has been known for slow development and constant product delays, the latest work is setting ADA on track.

Now, it remains to be seen whether investors will value the effort put behind Cardano in the last few months increasing the demand for ADA.Posted In: Cardano, Price Analysis, Technical Analysis.

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