The crypto market witnessed two major events in 2022- the Ethereum Merge and Cardano’s Vasil Hardfork. On September 15, Ethereum successfully completed its merge which transformed the network from proof-of-work (PoW) to proof-of-stake (PoS). Now, all eyes are on Cardano’s upgrade which is focused on sustainability.
Meanwhile, a prominent cryptocurrency analyst and trader believes that Cardano[एडीए]There is a vast difference between the value practices of the project and the core principles of the project.
In his latest strategy session, analyst Michael van de Poppe informed his 165,000 YouTube followers that with Cardano’s Vasil hard fork, big opportunities come. The Vasil hard-fork is expected to launch on September 22 which will enhance the scalability of the network.
Massive Opportunity With Vasil Hard Fork
He explains that though most of the market participants are expecting to see a downfall after the upgrade, the scenario will be the opposite. As per the analyst, for Cardano, the price level near $0.32 and $0.40 is the area to keep an eye on as the currency shouldn’t lose this range. This is the price area that will act as support in the next trade cycle.
Van de Poppe further claims that there is no proper incentive for a Vasil hard fork and that hype is not the level that pushes the currency upwards. Therefore, he believes that the upgrade will attract huge opportunities if the hard fork is presented on a positive note, which is expected to be similar to the Ethereum merge.
He then asserts that if the upgrade is successful, Cardano’s (ADA) price will see a positive move towards $1.00 after the event.