The Cardano Vasil Hard Fork upgrade is almost nigh and with that, the speculation market is ablaze with new assumptions and notions about whether the Cardano Vasil hard fork price will rally ahead.
In the latest Cardano news, the Vasil hard fork deployment is scheduled for September 22, confirmed by founder Charles Hoskinson.
Crypto Twitter is busy putting forward their views on whether the upcoming update will impact ADA's price. Let's have a look at current stats to understand the changing ADA metrics in depth.
Latest ADA price as Cardano nears upgrade
Cardano is swaying back and forth between $0.45 to $0.50, as it grapples with the hard fork and crypto crashes. At press time, ADA is trading at a price of $0.416388, down 1.2% in the last 24 hours. According to Coingecko, Cardano is the 8th popular cryptocurrency with a live market cap of $14.0B.
2022 is officially the year of upgrades and updates as several networks had recently undergone or are planning to deploy critical network tweaks and alterations such as Luna Classic updates and the Ethereum merge.
However, Cardano's Vasil Hard Fork is dubbed as a significant upgrade that will enhance the network's existing specifications. It should also improve its current transaction and processing speed.
Cardano price after the Vasil Hard Fork
Cardano enthusiasts are already speculating whether Vasil will help ADA cross its highly anticipated threshold of $1. However, ADA seems to be unaffected by the recent Vasil upgrade deployment.
According to the data by CoinMarketCap, the hype surrounding the Vasil hard fork deployment has already done wonders for Cardano. The cryptocurrency had earlier surged past $0.5007. However, at press time, the price of ADA is down 1.2% sitting at $0.416388. ADA is down 0.9% in the last 7 days.
Despite the sharp market correction that Cardano is currently facing, its founder Charles Hoskinson states that presently Cardano is "stronger than it has ever been. "
It isn't just Cardano that is experiencing a sharp ebb and flow in its pricing and statistics.
Ethereum is also encountering bouts of market volatility after the deployment of its merge update. ETH was down 0.68 % in the last 24 hours and is currently sitting at $1,307.20.
However, with Hoskinson claiming that Cardano is 'changing the world', users still hope that Cardano will soon rally ahead.
We will keep this page updated with new stats after the hard fork goes live. Here's the latest on Ethereum, Luna Classic and Shiba Inu.