![Cardano [ADA] can surpass the $1 mark if this condition is met](https://i.headtopics.com/images/2022/8/16/cryptoamb/cardano-ada-can-surpass-the-1-mark-if-this-condition-is-met-1559624993289519107.webp)
The so-called ‘most developed‘ blockchain network has witnessed many turns (up and down) within the crypto market. Traders/investors have showcased faith at times despite the low profitability scenes. But it looks like this could change as Vasil hard fork hype surrounds the network. Money money money The sixth largest cryptocurrency, ADA, over the years, saw […]
Traders/investors have showcased faith at times despite the low profitability scenes. But it looks like this could change as Vasil hard fork hype surrounds the network., over the years, saw an immense rate of trading volume caused by the number of entries.
But the profitability picture didn’t quite reveal a lucrative scenario. The price couldn’t do much to surpass the $1 mark despite bullish network developments.Firstly, the price of ADA witnessed a 3% surge as it traded around the $0.56 mark at press time. Interestingly, as per analytic firm Santiment’s on-chain tracker, sentiment concerning ADA reported a positive figure as the prices surged by +22% in the past three weeks.
Much to the surprise, Cardano saw its most positive sentiment since April. Also, the Profit/Loss ratio stood at the highest point since March.