Cardano ADA Total Supply Confusion Cleared By CEO, No Role In Any Way

Ahead of the Vasil Fork, Cardano becomes the talking point on social media, and why not? The upcoming Vasil Fork will be the platform’s biggest heads-up. In anticipation of the fork, Cardano’s (ADA) price has been surging upwards in the past few days. The Cardano Vasil Fork is scheduled on September 22 and it comes after another significant upgrade of Ethereum, the Merge upgrade.

ADA Total Supply Vs. The Vasil Hard Fork

There is a lot of confusion associated with the Vasil Fork, and the chief executive officer of Cardano, Charles Hoskinson, cleared some misconceptions about the network upgrade. Charles responded to a tweet enquiring about the possibility of changing the total ADA Total Supply. He said it is beyond his capacity even to enforce the network upgrade. A prominent BTC enthusiast Bryan had tweeted the possibility of Charles altering the ADA Total Supply. The Cardano CEO said he is powerless even to enforce the hard fork even after most of the community wanted this.

Many in the Cardano community who hold the ADA tokens eagerly wait for the Vasil Fork to be accomplished to make some profit. However, there is a word of caution as the Token went to a wild sea saw of fortunes last week and hints at extreme volatility.

When reports last came in, Cardano (ADA) changed hands at $0.5168, up by 4.64%. The total market cap of the diminutive coin is $13,049,519 and shows a growth of 5.10%. The fully diluted Market Cap is $17,652,341,038, up 4.29%. It has a fully diluted market capitalization of $23,240,976,318, up 4.16%. In the last 24 hours, its volume has reached $956,540,262, up 13.26%.

The Token has a Circulating Supply of 34.18B ADA, which is 76% of the total supply of 34,854,947,575and a maximum supply of 45,000,000,000