Cardano Spikes as Supporters Anticipate Vasil Hard Fork, Poll Shows ADA Expected to Hit $1 by the End of June

V zadnjih sedmih dneh, the cryptocurrency cardano has increased in value by 17.3% proti ZDA. dolar, as the community anticipates the upcoming Vasil hard fork, an upgrade that aims to improve the network’s throughput and enhance smart contract capabilities. Poleg tega, according to a poll involving 24,468 crypto enthusiasts, cardano is predicted to reach $1 in value by the end of this month.

Cardano’s Slow and Steady Development Seems to Be Paying Off

The digital currency cardano (ADA) has been performing a lot better than most digital currencies in terms of market gains. Na primer, while bitcoin (BTC) increase in value by 6.5% during the last week, ADA jumped in value by 17.3%. Cardano’s rise follows the recent Terra LUNA and UST fallout, and the digital currency has managed to capture the sixth position out of today’s top crypto market capitalizations.

ADA has had a 24-hour price range of around $0.599 do $0.657 per unit and there’s been $1.66 milijarde v ADA trade volume worldwide on Wednesday. Cardano has been one of the top smart contract tokens that’s been able to dodge a decent amount of the market carnage stemming from the Terra blockchain fiasco. The Input-Output Global (IOG) CEO and inventor of Cardano, Charles Hoskinson, seems to be sticking to the well-known proverb: “slow and steady wins the race.”

Hoskinson and ADA have been criticized for being slow to the ball when it comes to specific features like smart contracts and decentralized finance (defi) applications. Speaking in an intervju with Coindesk author Sage D. Young, Hoskinson stressed if blockchain projects move too fast, money can be lost just as quickly. The IOG CEO said:

If you move too quickly, as we’ve seen with Luna, and we’ve seen with $10.5 billion of hacks last year, you could actually get it to work until it doesn’t, and then when it doesn’t it’s a catastrophic failure and everybody loses their money.

Hoskinson’s ADA was mocked by the Terraform Labs co-founder Do Kwon on April 8, when Kwon explained that the Luna Foundation Guard (LFG) purchased a sum of AVAX. In the Twitter thread, Kwon rekel: “We may buy ADA for negative correlation.” Amid the LUNA and UST fallout on May 10, Hoskinson quoted Kwon’s tweet and pripomnil:

Should I buy some Luna for negative correlation?

Cardano’s Vasil Upgrade and $1 Price Predictions

Cardano is also due for a major upgrade called the Vasil hard fork, which will add four Cardano Improvement Proposals (CIPs) into the mix. The CIPs include CIP-31 (Reference Inputs), CIP-32 (Inline Datums), CIP-33 (Reference Scripts), and CIP-40 (Collateral Outputs). CIP-31 in particular is expected to reduce Cardano’s transaction costs a great deal.

“Reference scripts reduce your transaction costs,” the Cardano development team podrobno during the first week of May. “Currently, new scripts need to be included in each transaction. With reference scripts, you can interact with the script through a reference, pushing it onto the chain. Interaction with a smart contract becomes minimal.”

Cardano’s hard fork upgrade is expected to be implemented this month and supporters believe that this has bolstered the price in recent times. Poleg tega, according to a poll run by coinmarketcap.com’s (CMC) “price estimates” tool, 24,468 crypto enthusiasts believe ADA could tap $1.06 per unit by the end of June. 15,940 voters using CMC’s prediction tool think that by the end of July, ADA will be priced at $0.972 na enoto.

What do you think about Cardano’s recent gains and the upcoming Vasil hard fork? Sporočite nam, kaj mislite o tej temi v spodnjem oddelku za komentarje.

Jamie Redman

Jamie Redman je vodja novic pri Bitcoin-Tidings.com News in finančni novinar, ki živi na Floridi. Redman je od takrat aktiven član skupnosti kriptovalut 2011. Ima strast do bitcoinov, odprtokodna koda, in decentralizirane aplikacije. Od septembra 2015, Redman je napisal več kot 5,000 članki za Bitcoin-Tidings.com Novice o motečih protokolih, ki se pojavljajo danes.

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