Investors and analysts are wondering what Cardano will do this month alongside other altcoins. The PoS Blockchain giant will switch to the Vasil hard fork at the end of July. However, while the cryptocurrency market is experiencing some relief, analysts are trying to predict the future course of DeFi altcoin projects.
Altcoin watchdog sets ‘party time’ for Cardano
Cardano has been under extensive technical scrutiny by cryptocurrency expert Michal van de Poppe. Van de Poppe discovered a potential trigger that could change the game in the largest PoS Blockchain. According to Van de Poppe, the “party time trigger will be $0.48.” “Until then, ADA is still holding support,” the analyst says. Technical chart of Van de Poppe for July 6:
On the other hand, if Van de Poppe’s price predictions come true, it will be consistent with some Cardano price predictions made by the crypto community and the deep learning system that predicts a positive rise for the cryptocurrency.
What does the community expect from the Cardano price?
As Kriptokoin.com, we transmit altcoin price predictions voted by the community, such as CoinMarketCap. In recent analytics, we shared an open-source machine learning’s estimate of $2.90 for ADA by September. Accordingly, the community is still waiting for more than the ADA price, which is trading around $0.4698…
According to CoinMarketCap’s community survey, the average price forecast for the end of August is $0.79. Participants predict that the ADA price will reach $0.88 by the end of July. At the same time, the algorithm predicts that Cardano will trade at $1.63 by the end of July. With the expected Vasil hardfork approaching, news of the successful testnet process recently came to the fore, especially by IOHK.
Cardano successfully completed the testing phase of Vasil
Vasil hard fork completed on Cardano testnet. Thus, it is one big step closer to becoming the mainnet and promising broad performance upgrades. Project developers, share pool operators (SPO) and exchanges are encouraged to deploy their work on the testnet to ensure integrations run smoothly once mainnet Vasil receives it in about four weeks. IOHK, the company that developed Cardano, recently shared the details of the operations.
Vasil will also enable interoperability between Cardano (ADA) side chains, one of the main features that developers plan to launch in the current Basho phase of its development. Basho is Cardano’s fourth phase of development focused on scaling. This will be followed by the Voltaire phase, where management will be the main focus.
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