Cardano's ADA Shoots 7% As This Major Upgrade Going Live

ADA, the native cryptocurrency of the Cardano blockchain has jumped 7% in the last 24 hours trading at $0.47. The latest price jump in Cardano ADA happens as the much-awaited Vasil hardfork on Cardano goes live.

Timeline of Cardano

Cardano's much-awaited Vasil upgrade will enable increased network capacity, higher throughput, and lower transaction costs on the peer-reviewed, proof-of-stake blockchain platform.

The Cardano Vasil upgrade went live at 21:45UTC and early indications show relative sideways action in terms of price. The post Cardano (ADA) Vasil Upgrade Goes Live, but Price Could Still Fall to New Yearly Low appeared first on BeInCrypto.

Cardano's previously delayed Vasil upgrade has triggered, bringing increased network capacity, higher throughput and lower transaction costs. The post Cardano's Vasil upgrade triggers after a 3-month delay appeared first on The Block.

Ethereum (ETH) challenger Cardano's (ADA) much-anticipated Vasil hard fork upgrade is set to roll out today with plans for developers to use its new capabilities by next week. Input Output Hong Kong (IOHK) and its CEO Charles Hoskinson say that the mainnet update is ready to launch.

In a Twitter post, on 21 September, Input Output Hong Kong(IOHK) confirmed that Cardano is ready for the upgrade. According to the Cardano team, the upgrade is currently active due to the simultaneous achievement of all three “critical mass indications.

The Cardano ($ADA) community has confirmed it is ready for the network's Vasil hard fork after it managed to achieve all three “critical mass indicators” necessary for the upgrade to go smoothly. The Vasil hard fork is scheduled to occur in the next few hours.

ADA managed to stop the downtrend, and the bulls pushed the price higher on the day that the protocol will see its Vasil upgrade go live. Key Support levels: $0.43, $0.38    Key Resistance levels: $0.50, $0.

With the recent hike in the FED rates, the crypto markets have been impacted slightly as the DXY index witnessed a slight drop but continues to hover within the crucial zones. With this, the Bitcoin price underwent a notable drop below $19,000.

Cardano's most anticipated Vasil hard fork is estimated to happen on September 22 at 21:44 UTC. It will be triggered by the joint IOG/Cardano Foundation team using the Hard Fork Combinator (HFC) technology.

Cardano (ADA) price continues to trade between the $0.42-$0.55 range since May and fails to show any significant price movement. Traders anticipate the ADA price to fall after the Vasil hard fork due to the “buy the rumor, sell the news”, similar to the ETH price after Ethereum Merge.