![Cardano [ADA] holders would find themselves happiest as…](https://i.headtopics.com/images/2022/8/18/cryptoamb/cardano-ada-holders-would-find-themselves-happiest-as-1560031974189826048.webp)
Cardano [ADA] holders would find themselves happiest as...
ADA’s price has soared in the past few weeks. Cardano’s coin has seen a 27.20% rise in its prices since 26 July.
Even though there has been some volatility in the past with the number of transactions being made on the ADA network, it appears that the number of transactions is going on an upward trajectory.One of the reasons for the increase in the transaction volume could be the decrease in ADA’s gas fees which have been on a steep decline since May.Even though there are some bullish markers that can be seen, there has been a lot of FUD regarding the official date of the Vasil hard fork.
A huge spike can be seen in the number of social media mentions. The increase in social media mentions of ADA and the subsequent hype is expected to grow further till the Vasil Fork officially happens.Well, the social media hype has been positive, with investors banking on a meteoric rise in price.
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