September will host another significant network upgrade with the Ethereum merge. Whales are quick to buy from the bottom before the expected important development. Here is the altcoin project that whales were interested in before the news…
Attention to this altcoin project, whales gather ahead of giant news
Cardano (ADA) currently ranks among the top 10 by trading volume among the 500 largest BSC whales. The largest PoS Blockchain has been attracting whales for several weeks now. However, unlike these purchases, the ADA price is down by over 5%. The price is down 5.32% today following the last market sell-off. It is trading at $0.4682 at the time of writing.
Charles Hoskinson: Cardano has never been stronger
“Before the launch of the Vasil hard fork scheduled for September 23, Cardano has never been stronger,” said Charles Hoskinson, the founder of Cardano. In a way, this explains the current interest it is receiving from whales. Hoskinson also explains why the current poor performance in the market despite the strength of Cardano and other projects. It includes the following analyzes under the heading of macro factors:
A universal truth about crypto is that markets are disconnected from reality. Cardano has never been stronger, and frankly many other projects are robust across the industry, but you don’t see that reflected – it’s just a sea of red. Macro factors always win.
The focus should always be on the true purpose of the technology
Cardano has set September 22 as the date for the Vasil upgrade. Vasil brings numerous benefits to investors and communities. First, when Vasil is complete, Cardano will receive a higher throughput and an enhanced DeFi, DEX and smart contracts. Likewise, Sooraj, a Cardano developer, has detailed on Twitter how it will change Cardano Vasil’s overall network stability and connectivity. Its founder, Charles Hoskinson, emphasizes the importance of Vasil by saying that “the focus should always be technology”. According to Hoskinson:
The focus should always be on the true purpose of the technology. Problems it solves. The people he helped. New experiences that were previously impossible are possible. Cardano is changing the world and our best days thanks to all of you. ahead of us.
A Twitter user asked what utility Cardano provides. “Hundreds of things, but I am most proud of our work in microfinance,” the Cardano founder replied. Hoskinson shared an article about Cardano’s participation in an $11 million Series A pre-equity debt round undertaken by IOG’s Pezesha, Kenya’s established financial fintech.
Indigo announces Vasil integration
Indigo, creator of the Cardano dApp and the assets and stablecoins on the Cardano network, announced the successful completion of the Vasil integration. He noted that the current Cardano fee costs of Indigo users have been significantly reduced by reducing the amount of script overhead to read data from the Blockchain.
Also, the throughput of Indigo transactions has been improved by reducing the transaction size (so that more transactions can fit in the block). Accordingly, the computational resources of most Indigo processes have been reduced. In a recent tweet, Charles Hoskinson referred to the “power of Vasil,” which is expected to increase the throughput of the Cardano network, thereby helping to deploy and develop various dApps. For more details about Vasil hard fork cryptocoin.comYou can take a look at this article.
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