Why is Cardano (ADA) price up today?
ADA price is up today as investors show excitement over Cardano’s upcoming hard fork.
Cardano (ADA) is displaying strength, rising 8% over the last 24 hours to trade at $0.3677 on Aug. 21. This price growth has seen ADA recoup all the losses made between Aug. 4 and Aug. 5, citing a possible shift in investor sentiment toward the layer-1 token.
Let’s look at the bullish catalysts driving ADA price up today.
ADA’s gains follow Cardano founder Charles Hoskinson’s update on the blockchain’s progress and the upcoming Chang hard fork. Speaking in his latest podcast on Aug. 21, Hoskinson described the importance of the long-awaited Chang hard fork scheduled for launch on Aug. 27.
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Author: Nancy Lubale
