Input Output Hong Kong (IOHK) has again postponed the long-awaited Vasil hard fork at Cardano, which was supposed to take place this last week of July. According to Kevin Hammond, technology manager at IOHK, the team anticipates a few more weeks of delay in implementation. Therefore, the new update now has no specific release date. According to Hammond, the team identified some flaws during Vasil’s tests, so the postponement was chosen. The team intends to set a new release date soon. It is the second delay that has occurred at Vasil’s launch since May, but Hammond assured that the tests are proceeding as expected. In the meantime, the developers are looking to get all the parameters in order before announcing a new date.
Vasil is postponed for a few more weeks
In June, IOHK confirmed that Vasil’s testing found no major flaws in the new update, but seven bugs remain. In addition, the team maintained the testing schedule to identify any new bugs. But this Friday (29), Hammond and the vice president of the IOHK, Tim Harrison, confirmed the postponement of the update. According to the duo, the goal is to carry out more tests, prevent access problems and make small preparations. “Obviously, from where we are, there could be a few more weeks before we go to Vasil. This is incredibly important. All users need to be ready to progress through the hard fork and ensure a smooth process for both them and Cardano end users.” According to Harrison, this will ensure that staking pool operators (SPOs), exchanges, developers and users are ready for the Vasil launch.
Volume goes down, price goes up
While Vasil is delayed, data has shown that ADA trading volumes are falling due to a drop in Cardano’s social media activity, particularly tweet volumes. That is, people believe they are not getting new information from IOHK about Vasil. On the other hand, developer activity at Cardano is stronger. According to IOHK, more than 1,000 projects are in development, waiting for updates and the release of Vasil. In terms of price, ADA maintains a good performance, up 4.1% in the last 24 hours. The cryptocurrency price once again surpassed the BRL 2.70 region. As far as the dollar price is concerned, technical indicators including Lux algorithm, MACD and RSI are bullish for the ADA price. Even if postponed, Vasil can make the ADA appreciate up to 100% in the medium term, according to analyst Michaël van de Poppe. In this regard, van de Poppe believes that altcoins are ready for another rally that could lead to up to 200% appreciation. If that happens, the ADA could break the $1.00 barrier again soon. The track record is positive as the ADA price has skyrocketed after each of the last forks. Also read: SushiSwap pays up to BRL 4.5 million for head chef position; understand Read also: Optimism gives free NFTs to encourage users to use rollup on Ethereum Read also: CEO of Axie Infinity sent BRL 15 million in AXS to Binance before Ronin hack was revealed
