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Cardano ramps up activity since entering June’s second week means nearing the Vasil hard fork. The crypto project appears on a lucrative path as leading indicators confirm potential bullish rallies for ADA. Also, IOHK revealed timely updates as far as the project’s latest developments are concerned.

Santiment tweet confirmed 39 whale transfers completed on June 3 within an hour (2 pm – 3 pm). Whale activity has stayed higher since then. Moreover, Cardano’s social volume noted a seventeen-day high. These metrics eventually triggered a 32% increase for Cardano as the token nears the Vasil upgrade launch.

More Lucrative News?

Cardano celebrated another milestone, with new projects on the network surpassing the 1,000 level. According to the IOHK data, the platform saw projects climbing from 992 to 1,003 since the past weekend. Moreover, IOHK announced network growth data that showed NFTs growth to near 5.800.

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Another update by IOHK showed the ADA team introduced a new Vasil node with a command-line interface release. Moreover, the update guaranteed customers, notifying them about addressing the remaining problems that the team discovered.

ADA at the Moment

High social volume and whale activity recently had ADA on a bullish run. The alternative token climbed to $0.64 from $0.54 within the previous week while confirming volume surges. The volume saw a 52% jump over the past day. The increased volume emerged as IOHK updates initiated attractive reactions from the ADA community.

Meanwhile, the crypto market continues to battle the bearish regime. The past 24hr remained somewhat calm as assets recorded brief actions. While publishing this content, the cumulative cap of all cryptos stood at $1.24 trillion, reflecting a 0.08% decline over the past day.

Bitcoin seems to topple the $30K mark. The bellwether crypto traded near $30,254 at this publication, losing 0.01% over the past day. Meanwhile, ADA has led the top ten crypto-assets since the previous week.

While writing these lines, Cardano traded at $0.6404, gaining 0.40% over the past day. Moreover, the alt gained 13.94% within the previous seven days. ADA seems prepared for bullish legs following the much-anticipated upgrade.

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.