Logo
Cardano Ecosystem

BitcoinEthereumNews

07/28/2022

·

627 views


Cardano Losing Luster on Twitter Despite Looming Vasil Hard Fork

The post Cardano Losing Luster on Twitter Despite Looming Vasil Hard Fork appeared on BitcoinEthereumNews.com. Alex Dovbnya Cardano has recorded a significant drop in social media activity, according to data provided by The TIE According to data provided by...

Cardano Losing Luster on Twitter Despite Looming Vasil Hard Fork

Alex Dovbnya

Cardano has recorded a significant drop in social media activity, according to data provided by The TIE

According to data provided by The TIE, a Bloomberg Terminal-esque startup that focuses on information services for digital assets, Cardano’s popularity on Twitter, a popular social media platform, has reached a six-month low.

ADAImage by @TheTIEIO

Notably, this lull in attention also coincided with a sharp decline in trading volumes, which are also sitting at their level in half a year.

With that being said, the ADA price recently experienced a resurgence, adding roughly 10% over the past week alone. As reported by U.Today, the token briefly surpassed Ripple-affiliated XRP by market capitalization on Sunday.   

The upcoming Vasil hard fork, which is expected to dramatically improve the network’s efficiency, is the main driver behind the recent price rally.

The upgrade, which was initially set to take place on June 29, has been delayed due to technical difficulties. Cardano developer Input Output is yet to officially announce another launch date, but it was previously mentioned that the rollout of the hard fork would take place during the last week of July. 

Despite losing its luster on social media, Cardano continues to see strong developer activity. As reported by U.Today, there’s now more than 1,000 actively developed projects on the network.

ADA remains the seventh biggest token by market capitation, according to CoinMarketCap. It is currently trading at $0.51 on major spot exchanges after adding 2% over the past 24 hours.   

Source: https://u.today/cardano-losing-luster-on-twitter-despite-looming-vasil-hard-fork

Post navigation

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on BitcoinEthereumNews

ORIGINAL SOURCE

https://bitcoinethereumnews.com/technolo...

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.


More from BitcoinEthereumNews

See more
Cardano (ADA), Solana (SOL), and TMS Network (TMSN) Offer Exciting Opportunities for Crypto Investors in Q3 2023 – Cryptopolitan - BitcoinEthereumNews.com
BitcoinEthereumNews
Cardano (ADA), Solana (SOL), and TMS Network (TMSN) Offer Exciting Opportunities for Crypto Investors in Q3 2023 – Cryptopolitan - BitcoinEthereumNews.com

03/15/2023

·

1.7K views

Related News

See more
Voting for Us - Catalyst Fund 14

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)