Cardano Developer Says Vasil Hard Fork Is “Better Than Ever” Days After Flagging Node Issues
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Dean called on Cardano CEO Charles Hoskinson last week to resolve the issue of out-of-sync nodes, which caused the testnet problems.
The announcement of the indefinite postponement of the Vasil hard fork was not received well by staking pool operators on the network, who accused Hoskinson of rushing the upgrade process. The Cardano CEO later reported that the problem-causing code had been removed, which appeared to satisfy and ease staking pool operators on the network.
Supporting Dean’s latest claims, The Ancient Krakenx, operator of the Cardano Logic stake pool and Plutus developer, confirmed that modes 1.34.1 and 1.35.3 have returned to normal and now work in line with the smart contracts. The operator tweeted yesterday:
“I think I properly reproduced the bug that was in 1.35.2 that caused issues for testnet on the spo dev net going on right now. As of now, it does seem like 1.34.1 and 1.35.3 behave as expected in terms of smart contract usage. Everything is looking good. #cardano #VasilHardFork.”
Key Cardano Levels to Watch — August 22
Cardano appears to have eased the previous bearish correction, as bears lack the fortitude to push past the $0.440 support line. The recent fall comes as a bearish flag pattern confirmation, which has eased ADA out of its perceived renewed bullish momentum.
The eighth-largest cryptocurrency now has to fight to reclaim the upper-$0.500 area over the coming weeks. This does not mean that a bearish continuation is impossible in the coming days. However, a bearish push from the current position is unlikely to push beneath the $0.400 mark. With ADA being deep in oversold levels per the daily stochastic indicator, a bullish recovery seems like the next possible move for the smart contract cryptocurrency.
Meanwhile, my resistance levels are $0.500, $0.540, and $0.600 and my support levels are $0.440, $0.400, and $0.350.
Total Market Capitalization: $1.01 trillion
Cardano Market Capitalization: $15.3 billion
Cardano Dominance: 1.51%
Market Rank: #8
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