Cardano has recently dedicated its efforts to the Vasil upgrade. That had seen ADA prices increasing significantly. The alternative token has gained 8.5% on its daily chart since September 9, though the uptick has slowed.
While publishing this news, ADA traded at $0.51, gaining 3.5% (Coinmarketcap data). However, its $17.45 billion market cap remains beneath the remittance token XRP.
Cardano Building On
The minor surge in Cardano-related projects over the previous week aided ADA’s price action. Meanwhile, Cardano Daily shows Cardano projects have seen massive social media attention.
HOSKY token revealed the highest engagement within the previous week, boasting more than 4.9K mentions.
Jpg.store follows with 1.8K overall engagements (according to Cardano Daily). Also, the report highlighted leading gainers within the past day. The IAG coin presented the best upside, surging 13.1%. AGIX follows with more than 11% growth.
Moreover, Cardano’s Input Output unveiled the latest Daedalus wallet version with multiple fixes. The team announced the Daedalus 5.0.0 Mainnet on the social platform.
Meanwhile, the team instructed existing users to wait for an update prompt through the Daedalus newsfeed. New users can download the latest release through the official website (https://daedaluswallet.io/en/download).
Also, Input Output posted a seven-day update about Cardano’s weekly development. Analysts expect the network to close 50M transactions over the coming days. Also, it’s closing on 3.2K Plutus scripts while introducing a Hydra node update to increase efficiency.
The community-driven NFT marketplace Artano recently disclosed its vital development takeaways. The non-fungible token marketplace revealed a 92% transaction size decrease, whereas fees dropped by up to 77%.
It remains crucial to see Cardano’s response after Vasil’s launch. However, market players are enjoying the surging prices.
The overall cryptocurrency market cap confirms improved price actions. The metric stands at $1.06 trillion, surging 0.79% within the past day. Meanwhile, the crypto market volume dropped 29.10% in that timeframe to $71.61 billion.
Also, Bitcoin shows promise above the $20K mark. The leading crypto gained 0.86% within the past day to trade at $21,578. However, the upside road remains unclear. Only time will reveal.
Stay tuned.