Cardano follows the general sentiment in the market and records a slight recovery during today’s trading session. If Bitcoin and larger cryptocurrencies managed to extend the bullish momentum, ADA seems poised to benefit. Related Reading | Bitcoin Long-Term Holder Capitulation Approaching Bottom Zone, But Not Quite There Yet At the time of writing, ADA’s price trades at $0.45 with a 2% profit in the last 24 hours. Over the last 7 days, Cardano remains in the red with a 6% loss. The company behind Cardano’s development Input-Output Global (IOG) successfully forked the network’s testnet. An “important” step in the upcoming deployment of the Vasil upgrade on the mainnet. The company called on to stakepool operators, exchange platforms, and other actors to “commence their final testing and integration processes”. One month from now, Cardano will launch Vasil on its mainnet and will complete one of its most important milestones for 2022. According to IOG, Vasil will provide Cardano with “significant performance and capability upgrades”. The network will be able to increase its performance and throughput by providing developers with a “better experience”. In addition, the network will become more interoperable and with new functionalities, such as an Ethereum Virtual Machine (EVM) that will facilitate the task of migrating an ERC20 token to Cardano. This could open the door for new decentralized applications (dApps) and protoco...
