Cardano’s ADA tokens have surged about 13.24% in the past day, trading above the $0.6 price resistance level ahead of the Vasil hardfork set for the month.
ADAUSD is up +12.4%
ADA is trading at $0.6373, an increase of 22.94% in the past week with a market valuation of $21.5 billion.
Theta Network’s THETA trails at 13%, while Tezo’s XTZ follows at 11.9% as the cryptocurrency market shows some recovery after a record plunge.
Cardano has recorded an inflow of $2.55 billion in market capitalization in the past 24 hours at $21.55 billion from $18.99 billion.
The pace of fund reallocation is reportedly moving out of Ethereum and Solana into the Cardano blockchain. The rate of movement is reportedly gaining momentum both in percentage and absolute terms.
Forecasts from more than 24,000 cryptocurrency experts predict that ADA will rise more than $1 by the end of June. The forecast remains to be seen as the sector waits for the hard fork.