With the arrival of the update Vasil for Cardano, investors are hesitant about how the digital asset will evolve. We stock for you with the help of the cryptocurrency expert Michael von de Poppe.
Update sent successfully
The long awaited Vasil Fork for Cardano (ADA) has finally arrived. Many crypto investors have been analyzing Cardano’s recent activity to determine if it is worth buying today.
#Vasil Successful HFC mainnet event!🍾
We are pleased to announce that the IOG team, today at 21:44:00 UTC, in collaboration with the @CardanoStiftungthe Cardano mainnet was hard to execute through the HFC event, hence the new deployment #Vasil features for the chain.
— Input Output (@InputOutputHK) September 22, 2022
On September 22, the update will be sent at precisely 9:44 pm. This Fork can be summarized in 5 main points:
- Better performance, efficiency and lower costs
- A project that involves a whole community
- An update was finalized on September 27 and the new “Plutus V2” brought “all features for the developer community
- Unlock some features that allow data sharing
- Introduce broadcast pipelining
Over the past 30 days, Cardano has seen a an increase of 6.23% in its value. When compared to other digital assets, it’s quite an achievement. In fact, the cryptocurrency world has been suffering since this summer due to an unstable and uncertain economic climate. Cardano, on the other hand, seems to be doing well and inspires investor confidence.
The hype around this update was there before Vasil’s launch. If we look at the number of tokens on the blockchain, we have reached 6 million. Moreover, the number of addresses between 100,000 and 1,000,000 ADA signs is up 2.3% since last June. This shows investor confidence even before Vasil’s update.
On the other hand, the number of smart contracts had crossed the 3,000 mark at the beginning of August. The Cardano team integrated 5 new “Plutus” scripts per day.
Expert predictions on buying at the right time
Michaël van de Poppe is a crypto trading expert, CEO and founder of Eight, a cryptocurrency consulting company. With 630,000 followers on Twitter, the expert has gained a certain reputation on the web and reveals his predictions for Cardano.
For him, the best time to invest in Cardano is in the area where its value is between 0.30 and 0.375 dollars.
Application 01 – $ADA
This one looks like we’re piling up.
The last area to buy from is the region at $0.30-0.375.
However, will we see it up front with people already stacking up?
In that case, breaking the downside is your long trigger. pic.twitter.com/qGmZXwr2Kc
— Michael van de Poppe (@CryptoMichNL) September 25, 2022
“This one seems to be piling up. The last area to buy is between $0.30 and $0.375.
However, will we see a start and people stack?
In this case, the breakout of the pullback is your long trigger.”
Once the Vasil fork is fully installed, there may be Cardano fees up to 70% off. Moreover, some experts consider Cardano as the most serious competitor to Ethereum. In fact, its academic team with highly technical and scientific development methods further legitimizes the digital asset. Finally, many companies are banking on Cardano to launch their applications by following Cardano’s low carbon footprint (ADA).
Charles Hoskinson, the creator of Cardano was enthusiastic about all the emerging projects. Here, he takes as an example a new music streaming platform: NEWM. The company says it chose Cardano because of the efficiency and cost-effectiveness of its soon-to-be-deployed smart contracts.
I’ve seen hundreds of tweets like this one. Many projects are excited to deploy now https://t.co/6SxxaotFcH
—Charles Hoskinson (@IOHK_Charles) September 23, 2022
The CEO added that activity will increase across the entire Cardano (ADA) network. For him “the future of music is being played now” thanks to the technical progress made by the entire Cardano team.