Cardano (ADA) High Price, All Details About Vasil Hard Fork Readiness
Cardano (ADA) price is up more than 6% after founder Charles Hoskinson and IOHK on September 22 confirmed the official date for Vasil’s hard fork. Interestingly, the price of ADA is seeing increased interest from whales and investors as the price jumped 4% in just one hour today.
Vasil Hard Fork Readiness for Exchanges and Decentralized Applications
Cardano and IOHK founder Charles Hoskinson said Friday that Vasil’s hard fork will finally happen on September 22nd. The much-anticipated Vasil hard fork has been postponed twice, first in June and then at the end of July. IOHK and the developers wanted a smooth network transition after extensive testing.
Charles Hoskinson had previously hinted that Vasil’s hard fork on the Cardano mainnet would likely occur at the end of September. Also, a date will be announced after details of the readiness are obtained from SPOs and crypto exchanges.
Furthermore, all three parameters required for Vasil’s hard fork including 75% block production by SPOs running 1.35.3 node, upgrading top exchanges to 1.35.3 node, and testing top DApps against node. This parameter jumped more than 87%.
Among the most liquid cryptocurrency exchanges, including Binance, MEXC and Bitrue, are “ready” for a hard fork. Meanwhile, Upbit, Coinbase, WhiteBit, BKEX, and HitBTC are “in progress”, and XT.com, AAX, ChangellyPRO and ZB.com “have not started” with the node upgrade. Interestingly, Binance accounts for 30%-40% of Cardano’s trading volume.
Moreover, out of the top 10 DApps, 7 of them have finished or are currently testing against the 1.35.3 node, which includes Minswap, Lending Pond, Aada, DQuadrant, etc..
Both exchanges and DApps have made it clear that they will complete the upgrade and testing before the expected date of September 22nd.
Cardano Price (ADA) records high whale activity and feelings
Cardano is seeing a surge in whale activity after Robinhood listed the token on September 1 and confirmed the date of the Vasil hard fork. ADA is the top token bought by the top 500 Most used smart contract Among the top 2000 b whales in the last 24 hours.whales in the past two days. Moreover, Cardano is
Cardano community sentiment is also positive in anticipation of Vasil’s hard fork. Cardano popular whaleAda the whaleIn a tweet he shared the bullish sentiment on Cardano.
“Cardano is the first protocol since Ethereum to roll out a DeFi ecosystem largely without VC support. It has security, decentralization, community, and is quickly gaining ground and equivalents to Compound (Liqwid), AAVE (AADA), and Curve/Maker (Ardana) + more”.
The next resistance is at $0.55. A rise above the resistance level could push prices to $1 soon.
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