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Commission-free investing app Robinhood on Thursday stated it has listed Cardano (ADA). Users can now purchase and promote Cardano (ADA) with out further commissions and costs. This has turned Cardano extra bullish forward of the Vasil hard fork in September.

Robinhood Lists Cardano (ADA) Before the Vasil Hard Fork

Commission-free inventory and crypto buying and selling app Robinhood in a tweet on September 1 introduced the itemizing Cardano (ADA) after many requests from its customers.

The itemizing of Cardano (ADA) proper earlier than the a lot anticipated Vasil onerous fork has made the Cardano group extra bullish over Cardano. Charles Hoskinson, the founding father of Cardano, has earlier claimed that the Vasil onerous fork will almost definitely occur in September.

Robinhood earlier listed necessary cryptocurrencies together with Compound (COMP), Shiba Inu (SHIB), Polygon (MATIC), Solana (SOL), and Chainlink (LINK). Last month, Robinhood listed Avalanche (AVAX) and Stellar (XLM) after the requests from its customers. The costs of cryptocurrencies soared larger after itemizing on the platform.

Today, Robinhood additionally added help for deposits and withdrawals of MATIC tokens on the Polygon blockchain. It will allow customers to make use of 37,000 dApps on Polygon resembling AAVE, Uniswap, and Balancer to carry out lending, borrowing, offering liquidity, and swapping.

Cardano (ADA) worth just isn’t displaying any robust motion till now. The worth is buying and selling at $0.44, down practically 3% within the final 24 hours. However, the anticipation of the Vasil onerous fork will doubtless push the value above $0.55 once more.

Moreover, Robinhood Markets (HOOD) inventory worth is buying and selling at $9.04, down over 5% on the time of writing.

Vasil Hard Fork To Push ADA Price Above $0.55

The Cardano (ADA) worth could doubtless hit $0.55 quickly in anticipation of the onerous fork in September. Data on PoolTool reveals SPOs working the 1.35.3 node account for 85% of mainnet block manufacturing. The goal was 75% to organize for the Vasil onerous fork. However, there’s a delay from exchanges and dApps.

Binance and different massive exchanges have already started upgrading to 1.35.3. Cardano group is pushing Coinbase to improve to 1.35.3 because the Vasil onerous fork won’t implement till the highest 5 exchanges are prepared to offer liquidity.

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his data about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been related to the blockchain and cryptocurrency business for a considerable interval and is at the moment protecting all the most recent updates and developments within the crypto business.

The offered content material could embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty on your private monetary loss.