Cardano (CRYPTO: ADA) shot up nearly 18% leading up to the early hours of Wednesday.
What’s Moving? ADA traded 17.59% higher over 24 hours at press time and 28.12% over a seven-day trailing period.
The Charles Hoskinson created cryptocurrency moved 17.35% and 15.62% higher against Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) respectively.
BTC traded 0.09% higher at $45,728.57 and ETH traded 1.45% higher at $3,171.80 over 24 hours.
Since January, ADA has soared 882.62%, while BTC and ETH have returned 57.21% and 327.88% since the year began.
See Also: How To Buy Cardano (ADA)
Why Is It Moving? Hoskinson tweeted a video on Tuesday in which he touched on the upcoming Alonzo hard fork of the cryptocurrency that will implement smart contracts functionality.
See Also: Elon Musk’s Development Efforts Could Give Dogecoin A ‘Value Floor,’ Hopes Cardano Founder
“Everything seems to be on track,” said Hoskinson — adding, “It looks like we are on track for Friday to announce the date.”
Brief Update https://t.co/mDR4U0BFBW
— Charles Hoskinson (@IOHK_Charles) August 10, 2021
Announcing the announcement, Hoskinson said, “It will be before the Cardano summit.”
Cardano was among the ten most mentioned cryptocurrencies on Twitter Inc’s (NASDAQ:TWTR) platform at press time. In terms of mentions by #favorites, it topped the list compiled by Cointrendz.com.
Recently, Cardano’s rival Ethereum went through a network upgrade dubbed the London hard fork and has since then been rallying.
Read Next: Cardano Founder Says The Only ‘Ethereum Killer’ Is Ethereum 2.0
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