Cardano community unhappy with social media platform, ADA bulls gear up

• Cardano users are unhappy with the name Cardano Clan for the community’s new social media platform.
• The sentiment around ADA remains positive as the cryptocurrency made a steady 22 percent gain over the last three weeks.

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On Monday, August 15, Cardano’s commercial venture arm EMURGO announced the launch of a new social media platform dubbed Cardano Clan. The mission is to keep the Cardano Community updated with the most comprehensive and up-to-date content in the Cardano ecosystem.

However, it seems that the Cardano community isn’t quite happy about the social media platform name. One Twitter user wrote:

We are not part of a clan. I suggest an immediate rebranding before even launching, Cardano Clan does NOT sound good. Just rebrand quickly before launching properly, no harm done!

However, Cardano users can start signing up to the social media platform by visiting the Cardano Clan website.

Cardano bulls gearing up

On the other hand, it seems Cardano bulls have been gearing up for the rally off-lately. As per on-chain data provider Santiment, the Cardano (ADA) has been seeing the most positive sentiment. On-chain data provider Santiment reported:

Cardano sentiment is rather positive at the moment, and prices are +22% in the past 3 weeks. The ratio of on-chain transactions as profit taking vs. selling at a loss is at its highest level of profit taking since the final week of March.

At the same time, Cardano whale accumulation has been rising very strongly. During the first week of August, Cardano whales purchased a total of $138 million worth of ADA tokens. Also, the total number of wallets holding the ADA tokens has also crossed more than $3.5 million.

Cardano’s Vasil fork update

As we know that there has been some delay from the previous schedule in the launch of the Vasil hardfork. Earlier this month, Cardano founder Charles Hoskinson said that bug fixes take some time as it involves testing the entire pipeline once again.

During his recent live stream on Monday, August 15, Hoskinson reassured the community that the Cardano team has been actively working and the Vasil hardfork testnet has been going up smoothly.

Earlier this month, the Cardano testnet was hardforked to run version 1.35 of the Vasil upgrade. The Cardano founder also stated that the team has been working on different areas such as the upgrades to the Plutus smart contract platform. Furthermore, he noted that decentralized applications (dApps) have already been deployed on the testnet. He further added that a significant amount of code has been already deployed.

Furthermore, Hoskinson stressed the importance of cybersecurity and thus the importance of cryptography in the entire process. By the end of this month, Charles Hoskinson shall be opening their new cryptocurrency and cryptography lab at Stanford University.