- Cardano price has managed to bounce off the 8-day EMA, hinting at a potential rally.
- Investors can expect ADA to trigger a 24% ascent to $0.628.
- A daily candlestick close below $0.435 will invalidate the bullish thesis.
Cardano price seems to be preparing for massive gains as Vasil hard fork takes one step closer to becoming a reality. In a recent Twitter thread, IOHK, the developers behind Cardano announced the launch of Cardano node 1.35.0 on June 25.
Vasil hard fork back on track
This deployment will serve as the final candidate for launching the much-anticipated Vasil hard fork. As mentioned in previous articles, this upgrade will improve the blockchain’s scaling and other facets like the Plutus smart contract language for dApp developers. Additionally, it will also reduce the latency of block transmission.
The newly launched node includes updates like being code complete on all the core Cardano software. Further, the testing on the new Plutus v2 code has been “successful, and delivered very positive results in terms of performance and improved cost.”
Moreover, the aforementioned thread also quashes rumors of delays that were floating on Twitter last week by informing the concerned parties of an upcoming testnet.
The next step is preparing for #Cardano testnet release. We have in the last few minutes alerted our SPO community supporting the testnet that the new node is ready for them to deploy onto the testnet.
4/n
— Input Output (@InputOutputHK) June 25, 2022