- Things are looking up for ADA this morning.
- The Vasil hard fork is planned to take place on September 22 of this year.
- The altcoin is also up more than 10% over the last week.
Things are looking better for Cardano (ADA), considering the cryptocurrency is up almost 5% over the last day amid the Vasil hard fork.
This comes after the Vasil hard fork was given an official anticipated date over the last week. According to the co-founder of Cardano, Charles Hoskinson, the upgrade is planned to take place on September 22 of this year.
This date was revealed by Hoskinson during a livestream on Friday morning. In this livestream, he also reflected on the huge amount of work the team has put into the update, and he revealed that the Vasil hard fork was “probably the hardest update we’ve ever had to do as an ecosystem”.
This means that the hard fork is likely to happen right after the Ethereum Merge, which is expected to happen on September 15.
This announcement was what started Cardano’s upward trajectory. According to the market tracking website, CoinMarketCap, ADA is currently trading at $0.4939 after a 5.14% increase in price over the last day and after reaching a high of $0.4989 over the same time period. In addition to this, the altcoin is also up more than 10% over the last week.
Cardano’s 24-hour trading volume also saw a healthy increase over the last day to now stand at $883,187,239. This is a more than 30% increase from the previous day.
In terms of market cap, Cardano is still ranked as the 7th biggest cryptocurrency with a market cap of $16,870,649,870.
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