- A crypto analyst closely followed by the crypto community has announced that it’s approaching a major upgrade. altcoinThere is a large gap between the struggling price performance of the project and the fundamentals of the project, and a rally of over 120 percent is possible for this digital asset. believes.
In a newly released YouTube video, crypto trader Michaël van de Poppe tells his 165,000 subscribers that it’s scheduled to happen soon. Cardano (ADA) Vasil claims there are “big opportunities” surrounding the hard fork update.
The analyst’s claim that the altcoin price should grow even more was shared hours before Cardano’s highly anticipated Vasil hard fork. Vasil’s hard fork, which is expected to lower Cardano’s transaction fees and increase scalability, is scheduled for September 22.
Thinking that ADA offers a buying opportunity in the process leading up to the upgrade, Van de Poppe says the following about Cardano:
“People assume we’re going to drop further from here, but that’s not always the case as the most significant levels are usually not hit. In this case, around $0.32 to $0.40 [alan]is an important area to consider and should act as support to avoid any market distortions. It is likely that it will continue to act as support here for the next cycle.
Finally, this basically means that there is no momentum and hype going forward towards the Vasil Hard Fork, as there is no upward rally occurring before that. If the Vasil hard fork goes well like Merge, there will be huge opportunities similar to the Ethereum merger. In this case, a rally towards $1.00 is not far off given the circumstances. “
At the time of writing, ADA is trading at $0.44 and a surge towards one dollar would indicate an increase of about 127 percent. The market cap of the eighth-ranked crypto asset has increased by more than 1% in the past 24 hours.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.