Cardano cryptocurrency developers have launched a historic hard fork of their blockchain

On the eve of the Cardano (ADA) cryptocurrency update, which will increase the scalability of the decentralized network and overall usability, information about the blockchain’s readiness has emerged. According to ADA representatives, all 3 «critical mass indicators» required for the launch of Vasil are normal.

In a tweet, Input Output Hong Kong (IOHK) announced that 13 cryptocurrency exchanges, which account for more than 87% of Cardano’s liquidity, are fully prepared for the hard fork. Currently, Coinbase is the only cryptocurrency platform that is still preparing for the ADA update.

Plus:@fmfw_io@kucoincom
@BTSEcom@bequant_group@eToro@altcointradersa@exmo_com@WOOnetwork@HuobiGlobal@bitpanda

— Input Output (@InputOutputHK) September 21, 2022

More than 98% of the blocks on the main Cardano network and the main decentralized blockchain applications (DApps) have confirmed their readiness for the historic change. It is worth noting that, according to the Santiment analytical platform, over the past week, news of Cardano’s update has led to a 35.16% increase in discussions of the digital asset on social media.

Interestingly, some cryptocurrency analysts believe that ADA is close to falling below its annual low. In their opinion, ADA risks falling to $ 0.40 ahead of the Vasil update. While crypto trading expert Michael van de Poppe said a few days ago that ADA is likely to target the $ 1 level ahead of the update. According to Poppe, the lack of significant momentum in the ADA price before the blockchain update will be the main catalyst for a potential rally after the September 22 hard fork.

At the time of writing, ADA is trading at $ 0.45, up 1.42% on the day.