Back to $0.50 depends on consolidation

A bullish session, driven by market sentiment against the consolidation of Ethereum (ETH) and Vasil hard fork, provided support. From the US, softer wholesale inflation figures for August eased bets on a one-percentage point rate hike by the Federal Reserve, providing further support for the cryptocurrency market.

For the day ahead, US economic indicators, with jobless claims, retail sales and manufacturing numbers from the Federal Reserve, will affect Philly. However, the main driver is likely to be the integration of Ethereum. A successful transition to PoS should result in a bullish ADA response.

HK Hard Fork Updates Input Output Show Progress

As of September 14, updates to the ADA Hard Fork block indices are as follows:

  • Nineteen exchanges are ready for Hard Fork, as of September 18th as of September 13th.
  • 25 exchanges are operating, unchanged since September 13, with Coinbase and Kraken continuing to report ongoing upgrades.
  • Twenty-five keys have not yet started the upgrade process.

Among the top 12 exchanges by liquidity:

  • Six hard fork-ready exchanges: AAX, Binance, Bittrue, BKEX, MEXC, Upbit and WhiteBit, with four platforms underway, including ChangellyPro, Coinbase, HitBTC and XT.com.
  • However, there is one exchange that has yet to start the upgrade process: ZB.com.

Investors will look to Coinbase and Kraken to complete the upgrade process to provide ADA price support.

After the successful upgrade of 75% of SPO nodes to version 1.35.3, the crypto market is tracking two critical mass indicators, namely:

  • About 25 stock market upgrades (equivalent to about 80% of ADA’s liquidity).
  • TVL’s Top 10 Dapps have confirmed that they have upgraded to 1.35.3 in pre-production and are ready for the mainnet.

On September 14, TVL’s Best Dapps status was as follows:

The next update will be available at 1600 UTC.

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