Cardano: With the Vasil hardfork just days away, ADA shows no signs of recovery

ambcrypto.com:

Cardano [ADA], in its newly published weekly development updates, saw some ecosystem growth between 9 to 16 September. According to the report, 98 projects launched on the blockchain within the period under review. This represented a 4% uptick from the 94 projects launched on the network the week before. 

With a 2% increment between 9 and 16 September, the number of native tokens on the Cardano grew to 6.1 million. Furthermore, since its launch, the total number of transactions completed on the blockchain stood at 50 million, increasing by 1% in the last week. 

Considering the period under review, the price of ADA declined by 1%, data from CoinMarketCap revealed. The price of the #8 largest cryptocurrency had rallied to a high of $0.52 on 10 September, after which it took a beating. 

Since 20 August, ADA had traded in a tight range. The lack of significant price action was attributable to the decline in the general cryptocurrency market and the frequent postponement of the Vasil hardfork.

With the upgrade scheduled to take place in five days, one might wonder whether ADA would react to this important upgrade the same way ETH reacted following the Ethereum merge.