Cardano’s ADA jumps 20% in a week to $0.1781 as V11 hard fork nears
AI Market Summary
Cardano's ADA rallied ~20% weekly as the V11 "van Rossem" hard fork nears mainnet activation: testnets are complete, ~88% of recent blocks run V11 code, and ~80% of high-liquidity exchanges (including Binance and Coinbase) have confirmed support. The upgrade targets lower Plutus contract fees and adds ZK-ready cryptography, improving network utility. A separate wallet exploit risk remains an overhang despite promises of accelerated security upgrades.
Impact level
● Medium
Affected assets
ADA/USDT+6.55%
AI Insight · ADA/USDTAI Insight
▲ Bullish
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Cardano’s ADA rose 20% over the week to $0.1781, breaking out of a six-day consolidation range and now testing $0.193. The move comes as the V11 “van Rossem” hard fork enters its final stage, with the pre-production testnet completed, 88% of recent mainnet blocks running V11 code, and 80% of high-liquidity exchanges—including Binance and Coinbase—confirming support. The upgrade is set to cut Plutus contract fees, add ZK-ready cryptography, and lay groundwork for the Leios scaling effort. ADA remains down about 69% year to date, but the rebound marks its strongest weekly gain so far this year.
