$ADA Standing Strong As Most Cryptoassets Drop In the Wake of Upcoming Fed Meeting

On Wednesday (September 21), as global markets nervously wait for the conclusion of this month's meeting of the Federal Open Market Committee (FOMC), most non-stablecoin top 20 cryptoassets are in the red, but $ADA is not one of those. Currently (i.e. as of 10:10 a.m.

Timeline of Cardano

The current Cardano price analysis is bullish as it indicates an improvement in the coin's price as the bulls are trying to make a comeback once again. The past week proved damaging for the cryptocurrency as the price stooped low yesterday after improving to a limited extent on 19 September 2022.

The crypto market witnessed two major events in 2022- the Ethereum Merge and Cardano's Vasil Hardfork. On September 15, Ethereum successfully completed its merge which transformed the network from proof-of-work (PoW) to proof-of-stake (PoS).  Now, all eyes are on Cardano's upgrade which is focused on sustainability.

Popular cryptocurrency analyst Michaël van de Poppe has recently suggested that Cardano's upcoming Vasil hard fork, which is expected to deliver a “massive performance improvement” to the network, presents “massive opportunities” for $ADA.

The son of popular American rapper Snoop Dogg, Champ Medici, has released new music on the Cardano ($ADA) network in collaboration with popular non-fungible token (NFT) project Clay Nation. In total, three new music tracks were released exclusively to Baked Nation NFT holders.

Cardano co-creator Charles Hoskinson has recently suggested that there's “no going back” on the network's upcoming Vasil hard fork, which is expected to deliver “massive performance improvement” to the network but has been delayed a number of times.

The current Cardano price analysis suggests the price has been suppressed again from the bearish side, as a rejection from the upside has been reported for today. The price covers a range downwards below $0.450 due to the return of bearish pressure after a single day of bullish activity.

A popular crypto analyst thinks there's a gap between Cardano's (ADA) struggling price performance and the project's fundamentals. In a new YouTube video, crypto trader Michaël van de Poppe tells his 165,000 subscribers that there are “massive opportunities” surrounding Cardano's Vasil hard fork, which is slated to occur on September 22nd.

On Monday (September 19), January Walker, United Utah Party candidate for Utah's fourth congressional district, commented on an interesting use case for blockchain technology, and pointed out that not all blockchains are as energy-hungry as Bitcoin. The U.S.

The Cardano Vasil hard fork has been in the works for a while now. Hype for this hard fork had been overshadowed by that of the Ethereum Merge, but now that the Merge is done and out of the way, the focus has now fallen back on the Cardano network once more.

The Cardano blockchain has some exciting projects to offer investors. Read this guide to learn about the top projects building on Cardano in 2022. The post Top Projects Building on Cardano in 2022 appeared first on Bitcoin Market Journal.