Much like the Ethereum Merge, the successful Cardano Vasil hard fork upgrade has not yet sparked significant gains in the days since it went live.
Both upgrades appear to have led to 'buy the rumor, sell the news' sentiment among investors, with gains seen in the days leading up to the events and selling pressure in the days following.
Cardano (ADA) is down 3% in the last 24hrs and nearly 7% since its 7-day peak in the hours before the Vasil hard fork went live at 9.44pm UTC on September 22.
Cardano Reaches Price Inflection Point
ADA has now reached an inflection point that could see if pump up to more than $0.50 if the bulls can take control of the market - a more than 10% rally.
The fork was designed to make the blockchain more developer friendly and to encourage more projects to build there.
Vasil will bring more functionality, scalability and speed to the network and bullish analysts say it could push the price back over $1 and beyond.
Cardano recently passed 50 million...
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