{"id":27313,"date":"2022-08-28T10:47:39","date_gmt":"2022-08-28T10:47:39","guid":{"rendered":"http:\/\/egrowonline.com\/?p=27313"},"modified":"2022-08-28T10:47:39","modified_gmt":"2022-08-28T10:47:39","slug":"attention-cardano-investors-relief-squad-ada-is-not-too-far-away","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=27313","title":{"rendered":"Attention Cardano investors! Relief squad ADA is not too far away"},"content":{"rendered":"


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The Cardano [ADA]<\/a> rollercoaster this week has reached another high on 27 August after the latest update on Vasil<\/a> adoption. According to Pool Tool<\/a>, 69% of Cardano\u2019s staking pool operator nodes have adopted the latest v1.35.3. However, the community is still waiting for at least 6% more to kickstart Vasil implementation.<\/p>\n

Interestingly, the week got off to a great start for Cardano until the crypto markets took a downslide after Powell\u2019s speech. Since then, there have been red flashes across major crypto assets in the past day.<\/p>\n

ADA<\/a> itself has taken a big hit after being one of the top performing assets in the market during this week. It is currently trading at $0.43 after a downturn of 8.31% in the past day.<\/p>\n

Cardano here, Cardano there<\/h3>\n

In light of the Vasil adoption, there has been an uptick on Cardano\u2019s social trends on social media. According to LunarCrush<\/a>, Cardano was the \u201cCoin of the day\u201d on 26 August considering its massive performance lately.<\/p>\n

Data also suggested that Cardano\u2019s social dominance surged by 55.56% over the past month. More so, social mentions and social contributors for Cardano were up by 23.63% and 26.04% respectively during the period in review.<\/p>\n

\"\"\"\"<\/a><\/p>\n

Source: LunarCrush<\/p>\n<\/div>\n

Unsurprisingly, Input Output was also seen excited for the Vasil launch. For the purpose of awareness, they have launched a site<\/a> for latest Vasil updates for the community.<\/p>\n

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The #Vasil<\/a> upgrade is the most significant for #Cardano<\/a> ever. And the entire technical community is working hard to deliver it. <\/p>\n

Want to keep track of progress? There’s a now a page for that. <\/p>\n

We’ll keep it updated regularly as we get ever closer👍https:\/\/t.co\/AlIPPzrhWW<\/a> pic.twitter.com\/Qic6ndyaxJ<\/a><\/p>\n

\u2014 Input Output (@InputOutputHK) August 26, 2022<\/a><\/p>\n<\/blockquote>\n

What now for ADA?<\/h3>\n

The latest downtrend of the ADA token cannot be blamed on the network\u2019s performance given the market conditions. From the chart below, we can see that ADA trading has been a lucrative trade for investors until at least mid-August.<\/p>\n

As the token value took a sharp dip on 19 August, so did the profits. This trend has continued till today as the Market Value Realized Value (MVRV) stood at -13.34% at press time.<\/p>\n

\"\"\"\"<\/p>\n

Source: Santiment<\/p>\n<\/div>\n

ADA investors rejoice?<\/h3>\n

Investors in the Cardano community can be assured of some relief in the coming days as the Fed tensions calm down. It is baffling to see some reactions in the Twitter space as they condemn Fed executive Powell for his latest<\/a> remarks. It is simple a matter of \u2018when\u2019 rather than \u2018if\u2019 for ADA prices to rise in the coming weeks.<\/p>\n<\/p><\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Cardano [ADA] rollercoaster this week has reached another high on 27 August after the latest update on Vasil adoption. According to Pool Tool, 69% of Cardano\u2019s staking pool operator nodes have adopted the latest v1.35.3. However, the community is still waiting for at least 6% more to kickstart Vasil implementation. Interestingly, the week got […]<\/p>\n","protected":false},"author":1,"featured_media":27314,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[44],"tags":[340,6974,266,102,1752,10756],"class_list":["post-27313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ada","tag-ada","tag-attention","tag-cardano","tag-investors","tag-relief","tag-squad"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/08\/jeremy-bezanger-glY0yf3lxA4-unsplash-1000x600.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/27313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27313"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/27313\/revisions"}],"predecessor-version":[{"id":27315,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/27313\/revisions\/27315"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/27314"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27313"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}