Cardano [ADA] holders, read these recent updates on Vasil upgrade

Cardano [ADA] holders, read these recent updates on Vasilupgrade

Additionally, IOG is tracking three mass indicators, namely, 75% of mainnet blocks created by the final release candidate, 25 exchanges upgraded, and the top 10 DApps by TVL updated ahead of the hard fork.

The good news is that IOG mentioned that more than 80% of SPOs have upgraded. And, more than 70% of the top DApps they were tracking have confirmed successful pre-production testing. Moreover, two exchanges have already upgraded and are ready for the rollout, while 27 others are in the queue. All the aforementioned developments indicate the wait for the Vasil hard fork should be over. Undoubtedly, the upgrade is expected to be the most significant one in the Cardano ecosystem.While IOG amplified its efforts for the hard fork, ADA’s on-chain metrics correspond to it with several interesting movements. For instance, the social volume of ADA spiked in the last week.

A look at ADA’s four-hour chart also painted a similar picture as the gap between the Exponential Moving Averages reduced considerably. Thus, this may suggest a possible uptick in the coming days. The Chaikin Money Flow ’s findings also complimented that of EMA Ribbon, as it moved upward.However, the Moving Average Convergence Divergence suggested otherwise. A bearish crossover happened on 1 September, which reduces the possibility of a northward breakout in the short term.Subscribe to get it daily in your inbox.

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