Cardano’s most anticipated Vasil hard fork has now been delayed again due to further testing and ensuring a smooth launch. The Vasil hard fork was planned to be deployed by July end, but Kevin Hammond, technology manager at IOHK, on Friday revealed that there could be a few more weeks of delay.
Despite the bear market and FUD surrounding the Fed rate hike, the Cardano (ADA) price has shown strength due to rising interest from whales and investors in the Vasil hard fork. However, will this rally continue as the Vasil hard fork continues to be delayed?
The Vasil hard fork will massively improve the Cardano blockchain’s scalability and performance. In June, the IOHK confirmed there are no major bugs, but 7 bugs remain. Moreover, there were some tests to ensure everything work as expected.
Now, IOG’s vice president Tim Harrison and technology manager Kevin Hammond on the Cardano 360 revealed the Vasil hard fork will be delayed due to further testing, accessing issues, and minor preparations.
“Obviously, from where we are, there could be a few more weeks before we go to the actual Vasil hard fork. This is incredibly important. All the 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.”
Tim Harrison asserts this will ensure stake pool operators (SPOs), exchanges, developers, and users are ready for the Vasil hard fork rollout.
Meanwhile, data has shown that Cardano (ADA) trading volumes have been dropping due to a fall in Cardano’s social media activity, especially tweet volumes. People believe they are not getting any new information from IOHK or Cardano regarding the Vasil hard fork.
However, the Cardano network is recording stronger developer activity, with more than 1000 projects under development. The ADA price continued to trade strongly near the $0.50 level for the last 2 months, with $0.43 as the strong support.
Technical indicators including Lux algorithm, MACD, and RSI are bullish for Cardano (ADA) price. Cardano may see a massive rise in price. Currently, the price is trading at $0.53, up over 5% in the last 24 hours.
Crypto expert Michaël van de Poppe said “altcoins are ready for another 100-200% run.” Cardano with the Vasil hard fork to rise above $1 soon. Considering the last hard forks, the price soared mostly just after the hard fork.
Bitget, a leading crypto exchange in the world, has joined forces with Google Developer Group…
Kadena has announced it was shutting down operations, sending its KDA price into a freefall.…
Hong Kong has officially approved the region’s first-ever Solana ETF in Asia. This comes as…
Peter Brandt has drawn a comparison between Bitcoin’s current price pattern and the 1977 soybean…
The latest market data suggests that the BSC Meme Season may be coming to an…
Asset manager ProShares is seeking to establish a new crypto ETF tracking the CoinDesk 20…