Cardano’s [ADA] latest ‘flip’ of the rankings is a product of all these steps

ambcrypto.com:

Contrary to what has been the case of late, Cardano (ADA) recently noted an uptick in its price on the charts. One that helped it nab the 6th spot on CoinGecko’s crypto-rankings by market capitalization. In fact, Cardano also outperformed and overhauled XRP on the back of its 15% and 5% hikes over 7 days and 24 hours, respectively. At the time of writing, Cardano was trading at $0.588267 with a market capitalization of $19.9 billion.

On the back of the aforementioned hikes, ADA hit its 2-month high – Quite a turnaround after touched its yearly low in mid-July. Now, there might be multiple reasons behind the same, but a major catalyst is the hype around the much-awaited Vasil hard fork. 

Initially announced to be launched in June, the Vasil hard fork will be a major upgrade to the Cardano ecosystem as it will improve the network’s capacity and bring other prominent changes. Considering the magnitude of the hard fork’s importance, developers want to extensively work on the update to ensure a smooth transition, something that caused the delay in its launch.

Here’s a quick recap of where we’re at and what you can expect…