On September 22, Cardano, a smart contract platform, experienced its much awaited Vasil hardfork which aims to boost up the network’s performance and capability. Just before the launch of the Vasil hardfork there were speculations that it will turn out to be one like Ethereum merge where ETH dropped after the Merge. However, Cardano’s native currency, ADA too followed ETH path as ADA didn’t surge after the incident.
Meanwhile, the Cardano network has brought some developments to the network. Although Vasil Hardfork was launched on 22 September, Hardfork was made fully available to developers today on 27 September. This hard fork comes with the promise of supporting reference input, collateral output, and more.
Also Rick McCracken DIGI, the one who implemented DIGI stake pool on Cardano network shared his below mentioned observation via Twitter on September 26th.
ADA influx amid bear market
At the time of publication, Cardano is selling at $0.44 after a drop of 0.65% over the past 24 hours. Immediate resistance for the currency is at $0.55 around which the future price action of the currency lies.
These developments are the reason that the ADA community is still holding on to the currency in spite of its poor performance.
On the other hand, the Cardano network is experiencing a huge influx from its investors and this is confirmed by the CoinShares report which states that there is an influx of $100,000 ADA into blockchain-focused crypto products.
