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Recently, Cardano [ADA] has grown in anticipation of the Vasil hardfork. The ADA prices have increased significantly as a result of this. The increase in ADA since September 9 peaked at 8.5% on the daily chart, but it has since declined.
According to CoinMarketCap, the price of ADA at the time of publication was $0.51, up 3.5%. Its market valuation, which was $17.45 billion at the time, has now dropped below that of XRP.
A little rise in Cardano-based initiatives over the past week has helped the price of ADA. Cardano Daily claims that projects based on Cardano have demonstrated a significant level of social media engagement.
With more than 4.9K mentions over the previous week, the HOSKY token has displayed the most engagement. The update places Jpg.store second, with a total engagement of 1.8K. The list of Cardano’s top gainers over the last day has also been updated by the same entity. By a margin of 13.1%, the IAG token saw the strongest growth. With more than 11%, AGIX is right behind it in second place.
Additionally, the Daedalus wallet’s most recent version, which includes a number of significant changes, was released by Cardano developer Input Output. On social media, the team posted this news regarding the rollout of Daedalus 5.0.0 Mainnet.
Additionally, Input Output published a weekly update on Cardano’s progress during the previous week. In the upcoming days, the network is anticipated to complete 50 million transactions.
It is also finishing up 3,200 Plutus scripts and releasing an updated Hydra node for better performance. The non-fungible token (NFT) marketplace Artano just published a blog post outlining its main development lessons. Results of Artano’s tests indicate a cost reduction of up to 76-77% and a transaction size reduction of up to 92%.
When Vasil is introduced to the network, Cardano’s response is still to be observed. Investors, meanwhile, are currently enjoying the rising prices.
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.
