Cardano (ADA) Price Soars, All Details About Vasil Hard Fork Readiness

Cardano (ADA) price surged more than 6% after founder Charles Hoskinson and IOHK confirmed September 22nd as the official date for Vasil’s hard fork. Interestingly, the price of ADA has witnessed increased interest from whales and investors, with the price jumping 4% in just over an hour today.

Vasil hard fork readiness of exchanges and DApps

Cardano founders Charles Hoskinson and IOHK said on Friday that the Vasil hard fork will finally take place on September 22nd. The long-awaited Vasil hard fork has already been postponed twice, first in June and then at the end of July. IOHK and developers wanted a smooth network migration after extensive testing.

Charles Hoskinson previously hinted that the Cardano mainnet Vasil hard fork would most likely occur at the end of September. Also, the date will be announced once we get more details on the readiness of the SPO and cryptocurrency exchanges.

Additionally, the three required Vasil hard forks, including 75% block production with SPO running 1.35.3 nodes, top exchanges upgrading to 1.35.3 nodes, and top DApps testing against nodes All parameters. This parameter exceeded 87%.

The most liquid cryptocurrency exchanges, including Binance, MEXC, and BiTrue, are ready for hard forks. Meanwhile, Upbit, Coinbase, WhiteBit, BKEX, and HitBTC are ‘in progress’, while, AAX, ChangellyPRO, and have ‘not started’ their node upgrades. Interestingly, Binance accounts for 30%-40% of Cardano’s trading volume.

Additionally, 7 out of the top 10 DApps, including Minswap, Lending Pond, Aada, DQuadrant, have finished testing or are currently in testing against the 1.35.3 node..

Both the exchange and the DApps have clarified that they will complete the upgrade and testing ahead of the scheduled September 22nd date.

Cardano (ADA) Price Records Rise in Whale Activity and Sentiment

After Robinhood listed its token on September 1st and confirmed the date of the Vasil hard fork, Cardano has witnessed an increase in whale activity. ADA is the top token purchased by the 500 largest BSCMore Whales of the last two days. In addition, Cardano Most used smart contracts Among the Top 2000 BSC Whales of the last 24 hours.

Sentiment in the Cardano community is also positive in anticipation of the Vasil hard fork. The Popular Cardano Whale”ADA WhaleIn a tweet, he shared his strong feelings towards Cardano.

“Cardano is the first protocol since Ethereum to deploy a DeFi ecosystem without venture capital backing. ), Curve/Maker (Ardana) and equivalents.”

The next resistance is at $0.55. A move above the resistance level could quickly push the price to $1.

Varinder is a technical writer and editor, tech enthusiast, and analytical thinker. Fascinated by disruptive technologies, he has shared his knowledge on blockchain, cryptocurrencies, artificial intelligence and the Internet of Things. He has been in the blockchain and cryptocurrency industry for quite some time and currently covers all the latest updates and developments in the crypto industry.

The content presented may contain the author’s personal opinions and is subject to market conditions. Do market research before investing in cryptocurrencies. The author or publication accepts no responsibility for your personal financial loss.

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