Vasil Hard Fork Delayed, Here’s How Cardano (ADA) Price May Move #Vasil #Hard #Fork #Delayed #Heres #Cardano #ADA #Price #Move Welcome to Lopoid
Cardano’s most anticipated Vasil hard fork has now been delayed again due to further testing and ensuring a smooth launch. The Vasil hard fork was planned to be deployed by July end, but Kevin Hammond, technology manager at IOHK, on Friday revealed that there could be a few more weeks of delay.
Despite the bear market and FUD surrounding the Fed rate hike, the Cardano (ADA) price has shown strength due to rising interest from whales and investors in the Vasil hard fork. However, will this rally continue as the Vasil hard fork continues to be delayed?
Cardano’s Vasil Hard Fork Delayed for Weeks After Final Testing
The Vasil hard fork will massively improve the Cardano blockchain’s scalability and performance. In June, the IOHK confirmed there are no major bugs, but 7 bugs remain. Moreover, there were some tests to ensure everything work as expected.
Now, IOG’s vice president Tim Harrison and technology manager Kevin Hammond on the Cardano 360 revealed the Vasil hard fork will be delayed due to further testing, accessing issues, and minor preparations.
“Obviously, from where we are, there could be a few more weeks before we go to the actual Vasil hard fork. This is incredibly important. All the users have to be ready to progress through the hard fork to make sure the smooth process, both for them and end users of the Cardano blockchain.”
Tim Harrison asserts this will ensure stake pool operators (SPOs), exchanges, developers, and users are ready for the Vasil hard fork rollout.
Meanwhile, data has shown that Cardano (ADA) trading volumes have been dropping due to a fall in Cardano’s social media activity, especially tweet volumes. People believe they are not getting any new information from IOHK or Cardano regarding the Vasil hard fork.
However, the Cardano network is recording stronger developer activity, with more than 1000 projects under development. The ADA price continued to trade strongly near the $0.50 level for the last 2 months, with $0.43 as the strong support.
Technical indicators including Lux algorithm, MACD, and RSI are bullish for Cardano (ADA) price. Cardano may see a massive rise in price. Currently, the price is trading at $0.53, up over 5% in the last 24 hours.
Crypto Experts Believe Another 100% Run for the ADA Price
Crypto expert Michaël van de Poppe said “altcoins are ready for another 100-200% run.” Cardano with the Vasil hard fork to rise above $1 soon. Considering the last hard forks, the price soared mostly just after the hard fork.
Another trader Rudo Viljoen expressed support for Cardano saying “ADA signals for a long-term buy opportunity.” In fact, the Cardano supporters are agreeing with the delay.
Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a substantial period and is currently covering all the latest updates and developments in the crypto industry.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.