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09/01/2022

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Breaking: Vasil Hard Fork Month Starts With Robinhood Listing Cardano (ADA)

Commission-free investing app Robinhood on Thursday said it has listed Cardano (ADA). Users can now buy and sell Cardano (ADA) without additional commissions and fees. This has turned Cardano more bullish ahead of the Vasil hard fork in September....

Breaking: Vasil Hard Fork Month Starts With Robinhood Listing Cardano (ADA)

Commission-free investing app Robinhood on Thursday said it has listed Cardano (ADA). Users can now buy and sell Cardano (ADA) without additional commissions and fees. This has turned Cardano more bullish ahead of the Vasil hard fork in September.

Robinhood Lists Cardano (ADA) Before the Vasil Hard Fork

Commission-free stock and crypto trading app Robinhood in a tweet on September 1 announced the listing of Cardano (ADA) after many requests from its users.

The listing of Cardano (ADA) right before the much anticipated Vasil hard fork has made the Cardano community more bullish over Cardano. Charles Hoskinson, the founder of Cardano, has earlier claimed that the Vasil hard fork will most likely happen in September.

Robinhood earlier listed top cryptocurrencies including Compound (COMP), Shiba Inu (SHIB), Polygon (MATIC), Solana (SOL), and Chainlink (LINK). Last month, Robinhood listed Avalanche (AVAX) and Stellar (XLM) after requests from its users. The prices of cryptocurrencies soared higher after listing on the platform.

Today, Robinhood also added support for deposits and withdrawals of MATIC tokens on the Polygon blockchain. It will enable users to use 37,000 dApps on Polygon such as AAVE, Uniswap, and Balancer to perform activities including lending, borrowing, providing liquidity, and swapping.

Cardano (ADA) price is not showing any strong movement until now. The price is trading at $0.44, down nearly 3% in the last 24 hours. However, the anticipation of the Vasil hard fork will likely push the price above $0.55 again.

Moreover, Robinhood Markets (HOOD) stock price is trading at $9.04, down over 5% at the time of writing.

Vasil Hard Fork To Push ADA Price Above $0.55

The Cardano (ADA) price may likely hit $0.55 soon in anticipation of the hard fork in September. Data on PoolTool shows SPOs running the 1.35.3 node account for 85% of mainnet block production. The target was 75% to prepare for the Vasil hard fork. However, there is a delay from exchanges and dApps.

Binance and other large exchanges have already started upgrading to 1.35.3. Cardano community is pushing Coinbase to upgrade to 1.35.3 as the Vasil hard fork will not implement until the top 5 exchanges are ready to provide liquidity.

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a substantial period and is currently covering all the latest updates and developments in the crypto industry.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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