Cryptocurrency10 minutes ago (May 16, 2022 06:30AM ET)
Cardano Looking Bullish As Vasil Hard Fork Event Approaches
- saw the “most” weekly volume since the peak of the bull market.
- Many believe this could be because of Cardano’s VasilHard Fork event that is set to take place in June 2022.
- ADA’s price stands at $0.5641 which is a 5.38% increase over the last 24 hours.
Things might be looking up for Cardano (ADA) after a hellish week for the crypto markets. One Twitter (NYSE:) user, Cardano Dan, announced that Cardano saw the “most” weekly volume since the peak of the bull market. The user added that Cardano also saw its “largest wick since March 2020.”
Many believe this could be because of Cardano’s Vasil Hard Fork event that is set to take place in June 2022. One Twitter user expressed his excitement and stated that he is “super bullish on Cardano June Vasil hard fork getting close.”
Charles Hoskinson, CEO of Cardano has announced that the Vasil Hard Fork is on track and is still on schedule to take place on June 29. The testnet might even be ready by the end of May.
The Vasil Hard Fork update is expected to massively improve the performance of Cardano’s smart contract capabilities.
Cardano has also released a new version of its Daedalus wallet, Daedalus 4.10.-, which fixes a pairing problem with the Ledger Nano S on the Windows operating system and enhances the display of tokens that are not identified.
Cardano has also seen 84 new projects while their number of NFT projects currently stands at 5,549.
At the time of writing, ADA’s price stands at $0.5641 which is a 5.38% increase over the last 24 hours. ADA also saw a 24 hour trading volume of $1,291,095,641, which is 22.26% up from yesterday..
Over the last seven days, ADA saw a 17.94% decrease in price.