Why Cardano Was Trouncing Other Cryptos This Weekend
Few people were hot on cryptocurrency investments this sweltering weekend; Cardano (CRYPTO: ADA) was one of the rare exceptions. After its co-creator nailed a concrete date for a major upgrade of the blockchain platform, investors traded it up through the weekend. As of mid-afternoon Sunday, its value had risen by 4% over the preceding 24 hours.
Friday morning, Cardano's co-founder, Charles Hoskinson, announced that that upgrade is going to occur on Thursday, Sept. 22. It will take the form of a hard fork, i.e., a new, separate, and non-backward-compatible blockchain from the original, which is titled Vasil.
The pop in Cardano's value was due in no small part to a cocktail of relief and hope. Vasil's launch was originally scheduled for June and subsequently experienced more delays.
Source Fool.com
