Although cryptocurrencies are losing value due to the bear market, the ecosystem continues to evolve. Cardano, one of the leading smart contract platforms, is preparing for a major upgrade called “Vasil hardfork”. This upgrade isn’t as big as Ethereum Merge, but it’s still likely to impact various altcoin projects.
These 5 altcoins could explode with Cardano vasil hardfork
Vasil hardfork is part of Cardano’s third development cycle, as we’ve reported on cryptokoin.com. This upgrade aims to increase the capacity of the network and reduce transaction costs. As such, it will benefit most altcoin projects in the Cardano ecosystem, including ADA. So, which altcoins will Vasil hardfork support the rise of the most? An analyst shared 5 ADA-based altcoins that will explode with the Vasil hardfork.
Ardana (DANA)
Ardana is at the top of the analyst’s list. Cardano has announced that its native stablecoin, dUSD, will be launched soon. Ardana, on the other hand, is the full-featured hub for this stablecoin. For those who don’t know, Ardana in Brief is Cardano’s leading stablecoin project. This project also supports DeFi features like crypto credit. DANA, the native altcoin of this project, has good tokenomics. Currently 58% of DANA is locked. Therefore, it looks like it will benefit a lot from any upside move from ADA.
milkomeda
This is an interesting and promising project. However, Milkomeda does not yet own any tokens. So for now, it’s just a project you need to keep on your radar. Basically, it allows applications to run on various Blockchains. The applications mentioned include DeFi, bridges, games and NFTs. Also, Milkomeda works as an EVM-enabled layer-2 solution for Cardano. So it’s also a separate Blockchain. However, it will soon launch on the Algorand and Solana network as well.
Meld (MELD)
Meld is a protocol based on lending and lending on the Cardano network. It allows to borrow fiat in exchange for cryptocurrencies and earn interesting returns from crypto collateral. Meanwhile, the popular Ethereum layer-2 solution Polygon is one of the partners of this project. This means that Meld has good and experienced advisors on board. However, the altcoin will soon launch a Visa/Mastercard based debit card. All of this indicates that the MELD token could explode with the potential of the Vasil hard fork.
Eikonikos
Another Cardano project that does not yet have an altcoin asset is Eikonikos. This project aims to bring Metaverse to Cardano. For this, it offers users Metaverse passports. These passports are available as NFTs in JPG format and can be hosted on the NFT market of the ADA network. The base price of passports is currently 175 ADA and they allow to earn more ADA by staking. If Vasil’s hardfork is successful, Eikonikos is likely to come to life and explode soon.
SundaeSwap (SUNDAE)
The last altcoin on the analyst’s list is SundeSwap (SUNDAE). This is the first decentralized exchange (DEX) on the Cardano network. This DEX currently has over 287k followers on Twitter so they are well known. With its extremely easy user interface, SundaeSwap supports at least 6 wallets. Also, DEX’s native token SUNDAE is trading at almost $0.025. As a Cardano OG token, the Vasil hardfork could do well if successful.
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