hard fork, aimed at upgrading Cardano’s testnet, was considered an innovation that would solve the scalability problems faced by the chain.“There could be a few more weeks from where we are before we go to the actual Vasil hard fork. All users have to be ready to progress through the hard fork to make sure the smooth process, both for them and end users of the Cardano blockchain.”being billed to happen on 29 June, Hammond confirmed that Cardano would communicate a later date for the upgrade.
Despite being down 69% from its all-time high , ADA is in a prime position to maintain an uptrend. According to the Relative Strength Index , ADA is in a good state for another price increase. However, if it approaches the overbought level, ADA could retrace. At an RSI of 61, moving up to 70 could trigger a price fall and affect its already-increasing market cap.At this point, ADA investors may have to observe the market trend and price action before the coin moves in a specific direction.Subscribe to get it daily in your inbox.
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