Cardano
Why Cardano is up 1.9% today
Analysis
Cardano (ADA) rose about 1.9% over the past 24 hours as traders reacted to coverage of the network’s “Van Rossum” hard fork, which outlines user-facing changes and the significance of the upgrade. CoinDesk highlighted what the protocol upgrade means for users, while Bitcoinist reported that the hard fork moves Cardano’s mainnet to protocol version 11—both of which likely supported near-term bullish sentiment around the asset.
Contributing Factors (2)
Inside Cardano's 'Van Rossum' hard fork, and what it means for users
The Van Rossem hard fork moved Cardano to version 11 on Saturday. And for the first time, Cardano's community voted in the upgrade, not the company that built it.
Cardano Van Rossem Hard Fork Moves Mainnet To Protocol Version 11
# Cardano Van Rossem Hard Fork Moves Mainnet To Protocol Version 11
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.