Cardano (ADA) Price Skyrockets, All Details On The Vasil Hard Fork Readiness

Cardano (ADA) price has skyrocketed by over 6% after founder Charles Hoskinson and IOHK confirmed September 22 as the official date for the Vasil hard fork. Interestingly, the ADA price is witnessing rising interest from whales and investors as the price jumped 4% in just an hour today.

The Vasil Hard Fork Readiness of Exchanges and DApps

Cardano’s founder Charles Hoskinson and IOHK on Friday said the Vasil hard fork is finally happening on September 22. The much anticipated Vasil hard fork has already been delayed two times, first in June and then in July end. IOHK and developers wanted a smooth network transition after thorough testing.

Charles Hoskinson had earlier hinted the Vasil hard fork on Cardano mainnet is most likely to happen in September end. Also, a date will be announced after getting details on preparedness by SPOs and crypto exchanges.

Moreover, all three required parameters for the Vasil hard fork including 75% block production by SPOs running 1.35.3 node, top exchanges upgrading to 1.35.3 node, and top DApps testing against the node. This parameter has jumped over 87%.

Among top 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 upgrade. Interestingly, Binance accounts for 30%-40% of the Cardano trade volume.

Moreover, out of the top 10 DApps, 7 have finished testing or are currently testing against the 1.35.3 node, which includes Minswap, Lending Pond, Aada, DQuadrant, etc.

Both exchanges and DApps have cleared that they will finish upgrading and testing before the anticipated date of September 22.

Cardano (ADA) Price Records Rising Whale Activity and Sentiment

Cardano is witnessing rising whale activity after Robinhood listed the token on September 1 and Vasil hard fork date confirmation. ADA is the top token bought by the 500 biggest BSC whales in the last 2 days. Moreover, Cardano is the most used smart contract among the top 2000 BSC whales in the last 24 hours.

The sentiment of the Cardano Community is also positive in anticipation of the Vasil hard fork. Popular Cardano whale “ADA Whale” in a tweet shared the bullish sentiment on Cardano.

“Cardano is the first protocol since Ethereum that’s rolling out a DeFi ecosystem largely without a VC leg up. It has security, decentralisation, community and soon throughput to succeed & equivalents to Compound (Liqwid), AAVE (AADA) and Curve/Maker (Ardana) lined up + much more.”

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

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a substantial period and is currently covering all the latest updates and developments in the crypto industry.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.