Cardano (ADA) Price Soars, Full Details on Vasil Hard Fork Readiness

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Cardano (ADA) price soared over 6% after founder Charles Hoskinson and IOHK confirmed September 22 as the official Vasil hard fork date. Interestingly, the ADA price is seeing growing interest from both whales and investors, with the price jumping 4% in just one hour today.

The Vasil Hard Fork Preparation of Exchanges and DApps

Cardano founder Charles Hoskinson and IOHK said on Friday that the Vasil hard fork will finally happen on September 22. Vasil’s highly anticipated hard fork has already been delayed twice, first to June and then to the end of July. IOHK and the developers wanted a smooth network transition after extensive testing.

Charles Hoskinson previously hinted that Vasil’s hard fork on the Cardano mainnet would likely happen in late September. Additionally, a date will be announced after obtaining details on the readiness of SPOs and crypto exchanges.

Additionally, the three parameters required for the Vasil hard fork, including 75% block production by SPOs running node 1.35.3, top exchanges moving to node 1.35.3, and top DApps testing against node . This metric jumped over 87%.

Among the major crypto exchanges by liquidity, including Binance, MEXC, and Bitrue are “ready” for the hard fork. Meanwhile, Upbit, Coinbase, WhiteBit, BKEX, and HitBTC are “in progress” and XT.com, AAX, ChangellyPRO, and ZB.com have “not started” with node upgrades. Interestingly, Binance accounts for 30-40% of Cardano’s trading volume.

Additionally, of the top 10 DApps, 7 have completed testing or are currently testing Node 1.35.3, which includes Minswap, Lending Pond, Aada, DQuadrant, and more..

Exchanges and DApps have authorized that they will complete the upgrade and testing before the scheduled date of September 22.

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

Cardano is seeing an increase in whale activity after Robinhood listed the token on September 1 and confirmation of Vasil’s hard fork date. ADA is the first token purchased by the top 500 BSC whales in the last 2 days. Additionally, Cardano is the most used smart contract among the top 2000 BCS whales in the past 24 hours.

Cardano community sentiment is also positive ahead of the Vasil hard fork. Popular Cardano Whale”Whale ADAin a tweet shared the bullish sentiment on Cardano.

“Cardano is the first protocol since Ethereum that deploys a DeFi ecosystem largely without a VC lead. It has the security, decentralization, community and soon the throughput to succeed and the equivalents of Compound (Liqwid), AAVE (AADA) and Curve/Maker (Ardana) and much more.

The next resistance is at $0.55. A rally above the resistant level may soon push prices to $1.

Varinder is a technical writer and editor, technology enthusiast, and analytical thinker. Fascinated by disruptive technologies, he shared his knowledge on blockchain, crypto-currencies, artificial intelligence and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a substantial period of time and currently covers all the latest updates and developments in the crypto industry.

The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.

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