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- Amidst the ongoing bearish movies in the overall crypto sphere, Cardano (ADA) as a crypto project emerges to grow and develop.
- IOHK has announced something that would be a major move towards its development.
- Cardano (ADA) is currently trading at $0.5013 and is down by approximately 3% in the last twenty-four hours.
Cardano Ain’t Accompanying The Crowd Amidst Bear Markets
The recent crypto market downtrends have affected a lot of prominent crypto projects, but some others have also seen it as an opportunity. One such crypto project is Cardano (ADA), which seemingly is growing amidst the bear market.
Input-Output Hong Kong (IOHK) is the company behind the maintenance of the Cardano blockchain. And it has recently announced a development milestone for it.
The company has disclosed that it has successfully launched node 1.35.0, which is a major step ahead of its Vasil hard fork mainnet upgrade. The significant blockchain network has been long preparing for the Vasil mainnet upgrade. It is a highly awaited step which would enhance the capacity and performance of Cardano (ADA).
And the launch of Node 1.35.0 is going to play a key role in powering the Vasil upgrade. Furthermore, IOHK also confirmed that Cardano is done with all the primary aspects of its software and the trial generated good results. The company further emphasized its focus on safety and security for its partners within the Cardano ecosystem.
ADA, the native crypto asset of Cardano, has been witnessing quite a bullish move for the past four days. At the time of writing, Cardano (ADA) is exchanging hands at $0.5013 with a market cap of $16,912,587,949 and is down by approximately 3% in the last twenty-four hours.
But the crypto projects are also more than their price, Cardano as a crypto project has come quite far with constant growth and developments. The recent development by IOHK is indeed a significant move towards the project’s progress. The Vasil mainnet is left with the finishing touches, which signifies that Cardano will soon function more effectively and onboard more users. This might surge Cardano’s (ADA) popularity and demand.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
