Cardano’s ADA price is starting a bullish rally. ADA may be preparing for a 30% move. It ranks 6th on CoinMarketCap’s list of the largest crypto projects with a market capitalization of $22.05 billion.

Looking at 24-hour performance, ADA is up 1.85% in the last 24 hours. This brings its price to $0.6511. The price of ADA has also increased by 13.37% over the past seven days. This makes it the only coin to record double-digit gains on CoinMarketCap’s top 10 list last week.

The main reason for Cardano’s weekly price performance is the formation of the next big hard fork event called the Vasil Hard Fork. Historically, hard forks have seen the price of the ADA pump, and this time around is likely to be no different.

Source: coinquora