ADA Continues Its Rise, the Cardano Community Rallies

The price of Cardano (ADA) continues to rise.
Presently, the price of ADA is over $0.63.
The Cardano and crypto community are awaiting the arrival of the Vasil hard fork.

The price of Cardano (ADA) has been moving up recently. Many are expecting the price to surpass $1 soon. More so, others expect a new ATH with the imminent arrival of the Vasil hard fork.

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Presently, the price of ADA is $0.63, according to CoinGecko. This is a price that is up by 8.2% over the last 24 hours. The market continues to show green signals and bullish signs for ADA so far and the Cardano and crypto community are rallying behind it.

Recently, London Real held a poll on Twitter. The poll asked users which crypto they are holding most in this bear market. To this, 77% chose Cardano. Meanwhile, 11% chose Bitcoin and 5% chose Ethereum.

Once the poll closed, London Real commented on the Cardano team being active. In response to that, Cardano’s CEO — Charles Hoskinson, says “Cardano always shows up in force”. Indeed, Cardano has always had one of the most active communities.

In fact, Hoskinson has so much faith in the project and his community that he recently paid homage to a fallen member of the Cardano community. Specifically, Vasil Dabov was an inspiration to Hoskinson and believed in Cardano’s philosophy. Thus, the Vasil hard fork was named after Dabov.

Much like the time before the previous Alonzo hard fork, the Vasil hard fork is showing similar price surge patterns for ADA. Many believe Cardano is growing strong despite the current intense bear market.

Founder of Crypto Capital Venture — Dan Gambardello, tweets saying “Something special happening with $ADA”. In response, many say this is because of the long-awaited Vasil hard fork. On the other hand, ADA fans say it is inevitable for Cardano to rise in the eyes of the crypto community.

In similar news, another reason for Cardano’s growing popularity can be summarised by Watcher.Guru’s tweet. In detail, the tweet confirms that Cardano now has over 1,000 projects built on its network.

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Lauren Cole

A focused and vigilant storyteller for all things blockchain and cryptocurrency. Besides consuming every piece of literature about the metaverse, she can often be found at industry convections looking for the latest scoop.