- Vasil hard fork is the most ambitious program for Cardano till date, with a complex upgrade and multiple stakeholders.
- Input Output Global listed several exchanges that confirmed their readiness for Cardano’s Vasil hard fork.
- Top Cardano dApps have tested and are ready for the update, over 98% of mainnet blocks are being created by the Vasil node.
Cardano’s Vasil hard fork is the Ethereum-killer altcoin’s leading upgrade. Several crypto exchanges have confirmed their readiness for Cardano’s hard fork and analysts continue to remain bullish on the altcoin.
Also read: $160 million Wintermute exploit and 400 ETH payout: Hacks in the DeFi ecosystem
Cardano developers work the final stretch before Vasil hard fork
Input Output Global, the developers behind Cardano published details of the final preparation for Vasil hard fork. Developers shared the progress in a series of recent tweets. The complex upgrade has multiple stakeholders involved.
#Vasil is the most ambitious update program for #Cardano to date. With such a complex upgrade and multiple stakeholders, we need to be confident the ecosystem is ready.
— Input Output (@InputOutputHK) September 21, 2022
In the last 48h the following exchanges confirmed they are #ReadyForVasil:@ChangellyPro@hitbtc@ZBexchange
Several exchanges like ChangellyPro, HitBTC, ZBexchange have confirmed their readiness for the Vasil hard fork. In the last 48 hours, these exchanges joined the rest in pledging support for Cardano’s upgrade.
Thirty nine exchanges have now upgraded, 87.59% liquidity is now arranged for Cardano’s update. Over 98% of mainnet blocks are now being created by the Vasil node 1.35.3. The top Cardano dApps have confirmed that they have tested and they are ready for the hard fork.
Input Output developers set the above three conditions as critical mass indicators. Since these conditions have been met, it is the final mile before the Vasil hard fork is implemented on September 22.
Analysts see massive opportunities for Cardano price rally
Michaël van de Poppe, a crypto analyst and trader suggested that Cardano’s Vasil hard fork is expected to deliver a “massive performance improvement” to the network. Cardano is likely to see massive opportunities once the altcoin’s scalability climbs.
Captain Faibik, a pseudonymous crypto analyst, noted that Cardano is consolidating in a green box. The altcoin needs to reclaim the $0.52 level on the major trendline to confirm its breakout.
ADA-USDT price chart
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
VanEck sees Bitcoin reaching $61 trillion market cap, Marathon buys $100 million BTC
Bitcoin declined by 1% on Thursday following asset manager VanEck's forecast that the top digital asset will reach a $61 trillion market capitalization by 2050.
Ethereum Classic price sets for a rally following retest of key support
ETC edges higher by 2.3% and trades around $22.60 at the time of writing on Friday after testing a key support area the day before. On-chain data showing increased account growth suggests a bullish move ahead. Ethereum Classic price faced rejection by the daily resistance level of $25.13 earlier this week.
Celebrity meme coins lose their shine
Celebrity meme coins report by Jupiter Slorg on Thursday shows that these tokens have been in deep waters since early July after experiencing heavy growth in June. In a recent analysis, Jupiter Slorg revealed that celebrity meme coins are down by an average of 94% from their all-time highs.
Ripple gains 5%, Mark Cuban says Kamala Harris’ nomination could affect SEC lawsuit
Ripple (XRP) made a comeback above key psychological resistance early on Wednesday. Crypto traders are optimistic after the Ethereum Exchange Traded Fund (ETF) launch. Entrepreneur and investor Mark Cuban recently shared his comments on how Kamala Harris’ nomination to the Presidential elections could influence crypto regulation.
Bitcoin: Will BTC manage to recover from recent market turmoil?
Bitcoin recovers to $67,000 on Friday after finding support around $63,500 a day before. Still, BTC losses over 1.50% on the week as Mt. Gox persists in transferring Bitcoin to exchanges.