Please try another search
Cardano (ADA), which is now the eighth-largest cryptocurrency in the world, is anticipating a significant upgrade, called Vasil Hard Fork, in only two days’ time. It is expected that the update would result in major improvements and enhancements to Cardano’s capabilities.
The value of ADA, Cardano’s native token, has been on a downward trend for the previous week, falling by a total of 12% and falling by 0.6% in the most recent twenty-four-hour period.
The price of ADA is anticipated by crypto experts to increase as the hard fork approaches. A well-known cryptocurrency expert by the name of Michael van de Poppe, for instance, is of the opinion that the token will most likely aim for the level of $1 prior to the upgrade, observing that the asset has not had any upward movement prior to the update.
Speaking about the developments, the analyst says:
This brings massive opportunities if the Vasil hard fork is going to take place in a positive manner which is quite similar to the Merge. In that case, a run towards $1 isn’t unexpected around this event.
Since the 20th of August, ADA has been trading within a somewhat narrow range. The decrease in the broader cryptocurrency market as well as the constant delay of the Vasil hardfork until the developers ultimately decided on September 22nd are to blame for the absence of meaningful price activity.
Over the course of the last three months, major stakeholders that own ADA have significantly increased their coin collection in anticipation for the hard fork. There has also been a 7% increase in the number of addresses that contain between 10,000 and 100,000 ADA tokens.
The post Is ADA’s Price Improving As Cardano’s Vasil Hard Fork Approaches? appeared first on Coin Edition.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.