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09/05/2022

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Cardano (ADA) Ranks First Among Top 3,870 Cryptos Based on Market and Social Activities

The post Cardano (ADA) Ranks First Among Top 3,870 Cryptos Based on Market and Social Activities appeared on BitcoinEthereumNews.com. – Advertisement – Cardano has continued to be in the news for several positive reasons.  In an exciting development, Cardano...

Cardano (ADA) Ranks First Among Top 3,870 Cryptos Based on Market and Social Activities

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Cardano has continued to be in the news for several positive reasons. 

In an exciting development, Cardano is ranked first among the top 3,870 largest crypto assets in the LunarCrush Alt Ranking, following a surge in its social and market activities. 

“Based on relative combined social + market activity, @Cardano has hit AltRank™ 1 out of the top 3870 coins across the market,” LunarCrush noted in a recent tweet. 

Based on relative combined social + market activity, @Cardano has hit AltRank™ 1 out of the top 3870 coins across the market.

24-hour activity:
Price +5.89% to $0.4928
Social volume 31,596
Social engagements 73,826,715https://t.co/ZQ2IrvqoVu$ada #cardano pic.twitter.com/iFgKbAix1w

— LunarCrush (@LunarCrush) September 4, 2022

Cardano’s Recent Outstanding Performance Amid Vasil Launch

Data from LunarCrush shows that over the last 24 hours, Cardano’s native cryptocurrency ADA is up 5.89% to $0.4928, while its social volume also soared 5.4% to 31,559. 

In a parallel development, Cardano’s social engagement spiked 29.3% to approximately 73.83 million. The reason behind the feat is because of the upcoming launch of the Vasil hard fork. As reported by TheCryptoBasic, Charles Hoskinson announced last week that the Vasil hard fork on Cardano’s mainnet will go live on September 22, 2022

The team behind the project picked September 22, 2022, after completing extensive testing of Vasil’s final node candidate 1.35.3. 

“Following the successful completion & extensive testing of all core components, plus confirmed community readiness, we can today announce September 22nd for the Vasil upgrade on the Cardano mainnet,” the Cardano team noted. 

Although Vasil’s launch on Cardano mainnet was initially scheduled to deploy in late June, it was postponed on two different occasions. The delay was because the Cardano team focused on eliminating any possible technical glitches that may arise. 

ADA Investors Excited About Upcoming Vasil Launch

With the Vasil launch date announced, the Cardano community became excited to boost ADA marketing and social engagements, expecting the long-awaited hard fork to take place soon. 

Vasil is tipped to boost Cardano’s network capacity, lower transaction costs, and enhance the blockchain’s smart contract functionality to enable the deployment of more useful decentralized applications. 

In the hours leading up to press time, ADA currently trades at $0.49 across various cryptocurrency exchanges, with a 24-hour trading volume of $641.25 million. 

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Source: https://thecryptobasic.com/2022/09/05/cardano-ada-ranks-first-among-top-3870-cryptos-based-on-market-and-social-activities/?utm_source=rss&utm_medium=rss&utm_campaign=cardano-ada-ranks-first-among-top-3870-cryptos-based-on-market-and-social-activities

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