Cardano’s Vasil hard fork is the next most anticipated event after the Ethereum merger. IOHK has consistently delayed forks, but has assured increased throughput with advanced blockchain developed smart contracts and dApps. However, in the meantime, the ADA price which had lost its Let’s grace made some major moves on either side.
The platform received a significant influx of liquidity during the early trading hours that raised the price by more than 3%. Woefully, the bears quickly dropped the price below its initial levels, from where the price began with a strong recovery.
Despite significant bearish pressure, ADA price remained above the symmetrical triangle above $0.5 before closing the day.
During the last weekend, crypto markets faced a strong bearish action that dropped the price by more than 13%. Since then, the asset maintained a consolidated trend within a symmetrical triangle. It was strongly believed that the asset may drop to the lower support as the price was trading within a bear flag.
However, the latest push has ended bearish conditions for some time now.
Cardano Among the Top 30 Intimacy Rankings
Cardano is now the most intimate crypto ahead of Bitcoin as per the list put up by MBLM, a brand Intimacy Agency. The agency has listed the brands which have a closer connection with their consumers and the relationship among them. Cardano stands 26th after Adobe & Ford, while Bitcoin is ranked number 30.
Disney topped the list with a score of 68.1, followed by Tesla and Apple with ratings of 67.5 and 65.3. However, Cardano has a score of around 52.6, while that of Bitcoin is 51.9. Interestingly, Polkadot also made it to the list, standing at rank 111 with a score of 43.5, while Ethereum came in 120th with a score of 42.8.
Collectively, the market and social sentiments are slowly coiling up which are expected to offer a strong base for the ADA price to propel. Once the asset secures the levels above $0.5, then a notable upswing could be imminent.
