Cardano Losing Luster on Twitter Despite Looming Vasil Hard Fork

Cardano’s popularity on popular social media platform Twitter has reached its lowest level in six months, according to data provided by TIE, a Bloomberg terminal-inspired startup focused on digital asset information services. ..

In particular, this drop in attention coincided with a sharp drop in trading volume, which also remained at that level in half a year.

That said, ADA prices have recently rebounded, rising by about 10% in the past week alone.As Report by U.TodayAt market capitalization on Sunday, tokens temporarily surpassed Ripple-related XRP.

The next Vasil hard fork, which is expected to dramatically improve network efficiency, is the main driving force behind recent price increases.

The upgrade, originally scheduled for June 29, has been postponed due to technical issues. Cardano developer Input Output hasn’t officially announced a release date yet, but previously stated that the hard fork will be rolled out in the last week of July.

Despite losing its brilliance on social media, Cardano continues to see strong developer activity.As Report by U.TodayCurrently, there are over 1,000 actively developed projects on the network.

According to CoinMarektCap, ADA is still the seventh largest token in market capitalization. After adding 2% in the last 24 hours, it is currently trading at $ 0.51 on major spot exchanges.