The most profitable cryptocurrency on the market over the past 24 hours

Cryptocurrency analysts have named Cardano (ADA) as the most profitable cryptocurrency on the market over the past 24 hours. The digital asset rose by 6.21% per day, which is a relatively high figure amid the volatility of the entire crypto market.

At the time of writing, Cardano is trading at $ 0.5029, and the total supply of ADA on the market is at $ 16.86 billion. According to CoinMarketCap, ADA’s daily trading volume amounted to $ 884.47 million.

According to crypto experts, the value of the token has increased due to the announcement of the exact date of the long-awaited Vasil hard fork update. Representatives of Cardano’s parent company, Input Output, said that Cardano will switch to Vasil on September 22. The Vasil hard fork upgrade is called one of the central cryptocurrency events. The fork will significantly improve the functioning of the entire Cardano network along with the optimization of smart contracts and DApps.