Cardano price analysis: ADA shows dormancy at $0.4483 after a brief bullish spell

Cardano price analysis shows a bullish trend as the digital asset has begun to move in an upward direction after a period of consolidation below the $0.43 level. ADA/USD bulls have pushed the price above the $0.4613 resistance, which will likely lead to more gains soon.

Timeline of Cardano

The Cardano Vasil Hard Fork is ready to go live today.  All key metrics and indicators that will play an instrumental role in triggering the Vasil upgrade deployment have now been met, indicating a smooth upgrade rollout in less than 24 hours.

Cardano's Vasil Hard Fork is just around the corner as and the exchanges are getting prepared for the event. The finality of the hard fork is just an inch away as nearly 98% of the mainnet blocks are already created and the top dApps by TLV have been tested and are ready for the upgrade.

While the prices of most cryptoassets have been plunging over the past week, a few cryptocurrencies have seen social interest in them surge as traders are seemingly looking to get involved.

The most popular altcoins, Cardano & Ripple, are trading with a huge bullish momentum since the pre-trading session and are aiming to close the day's trade on a bullish note. Both the altcoins have been stagnant for a prolonged period and due to this, the investors also lost their focus on the assets.

It's 2022, and the world of cryptocurrency has flipped as many popular cryptocurrencies have reduced substantially in value. Investing in any kind of stock or crypto requires deep analysis and studying patterns of bulls and dips.

With the Cardano [ADA] Vasil hard fork billed for 22 September, quite a few interesting things have been happening. Few weeks after its launch, Aada, a lending protocol on the Cardano mainnet, increased in a way no one could have predicted.

Vasil is an enhancement of the Cardano platform, “improving scalability and lowering transaction costs” It improves on the Plutus smart contract platform, “allowing developers to deploy more complex smart contracts,” according to an update shared by Poloniex.

With Cardano's Vasil hard fork set to go live on September 22, the blockchain network's native token has spiked by 2.1% within the last 24 hours to $0.45. The post Cardano's price jumps before imminent Vasil hard fork appeared first on CryptoSlate.

Wafini governance token $WFI will power the Wafini ecosystem, enabling holders to be integral in the development and growth of Wafini. Wafini just announced that they have closed a $200,000 pre-seed round in July.

Cardano's (ADA) blockchain is set for the Vasil Hard Fork upgrade on Sept. 22. Named in honour of Cardano community member, Vasil St. Dabov, who passed on in 2021, the much-anticipated upgrade is expected to bring about sweeping changes to the network, impacting transaction fees, speed and decentralized application development.