Vasil hard fork stirring up social activity around Cardano
According to data from the crypto analytics portal moon crushThe social activity around Cardano has grown significantly behind the successful passage of the Vasil Hard Fork.
As a result of the uproar and heated discussion of the most important event in the life of Cardano, the number of daily mentions of ADA on social networks reached 52,500, which was a record for the last three months. The total value of the indicator by the results of 90 days exceeded 2.3 million.
As noted by analysts, this may indicate extreme interest from the crypto community in Cardano, which is rare in the current crypto market conditions. Still, looking at the ADA price chart, it seems that investors prefer to be cautious if they are interested.
Cardano (ADA) price action on Vasil
Despite the fact that Vasil is a major blockchain upgrade designed to increase network throughput, reduce transaction costs and generally take Cardano to the next level, ADA quotes barely reacted to the event.
The cryptocurrency gained over 8% in price in the first hours after the update launched, but then gave up some of the gains and fell to a strong price level around $0.45.
Nevertheless, it seems that ADA has found its level, and if it manages to consolidate here, further decline should not be expected. At the same time, there is fear that the crypto market is waiting for further correction. In this case, events in the lives of crypto projects will hardly have the same significance.
