Cardano [ADA] can see a 20% rally following a short squeeze if…

Hong Kong Platform

30.08.2022 - 20:55

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ambcrypto.com:

Cardano, the eighth largest cryptocurrency, prior to the much-anticipatedVasil hardfork, has laid out three critical indicators.

Consequently, Cardano’s native token ADA witnessed some significant traction on the price chart.

IOHK (Input Output Hong Kong), the company behind the development of the Cardano network, shared some important status updates.

The ecosystem completed one of the major requirements for the Vasil mainnet launch over the weekend. According to the IOG, 75% of Cardano’s mainnet blocks were successfully minted by the chosen Vasil node candidate, node 1.35.3.

Following this, approximately 25 cryptocurrency exchanges and the top 10 Cardano-based decentralized applications (dApps) with the highest total value locked (TVL) came on board.

The team behind, IOG on the social media platform highlighted key points in one of the tweets.

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