The cryptocurrency market has been lacking bullish movements since late last year. Meanwhile, altcoin giants like Ethereum and Cardano have completed historic upgrades. However, these developments were overshadowed by the bear market. Now, two legendary crypto analysts say these are the historic opportunities.
Successful upgrades attract institutional investors to this altcoin project
Coin Bureau’s host, nicknamed “The Guy”, says that Cardano will attract the attention of institutional investors in the next bull. The analyst attributed this to institutional investors’ search for proven blockchains to complete upgrades. Cardano takes a step forward in this area by successfully completing the Vasil hard fork upgrade on September 22. We, as Kriptokoin.com, have covered what you need to know about Vasil in this article.
According to the analyst, seamless upgrades like Vasil will attract institutional investors by proving that the team behind the technology is the right kind of people to be financially supported. In part of the latest video, the Coin Bureau host says:
These guys were able to make these major updates and they went flawlessly and I think that is testament to the caliber of the people working on these projects. I think this is going to be a big part of people’s due diligence in the future. While the price hasn’t done anything, I think it’s been really positive, especially for Cardano.
Despite successful upgrades, the ADA price was poorly matched. However, the analyst says this is part of the current crypto bear market that we are feeling across the market:
Frankly, (Vasil) hasn’t had any effect on the price because it’s a bear market, but I don’t think that’s too discouraging…There are upgrades ahead.
According to DEX platform MuesliSwap, the Vasil upgrade has a significant impact on the efficiency of the smart contract platform. The upgrade has almost halved the fees and increased the transaction speed by 10x. Charles Hoskinson, co-founder of Cardano, recently said that its Ethereum rival will continue to evolve to improve its scalability and efficiency.
Michaël van de Poppe says Chainlink price is in rare opportunity zone
The Twitter analyst with 630,000 followers said that a price range for LINK is a historic opportunity zone:
So far so good for Chainlink. The price of $6-8 is still a once-in-a-lifetime opportunity.
It should be noted that the LINK price has been trading in this region since August. Van de Poppe has said several times before that this region is a “historic opportunity”.
Chainlink’s native cryptocurrency LINK is currently trading at $7.76. The 23rd-ranked cryptocurrency by market cap has been down slightly in the last 24 hours. Meanwhile, LINK price hit an all-time high of $52.70 in May 2021. It has since lost around 85% of its value.
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