Imminent Cardano Upgrade Could Be Extremely Bullish for ADA, Says Coin Bureau Heres Why

Popular crypto analysts have presented a bullish case for Cardano (ADA), and a new Vasil upgrade for Ethereum’s rivals is coming soon.

In a new video update, CoinBureau’s pseudonym host known as Guy To tell His 2.08 million subscribers say Cardano’s imminent Vasil upgrade must affect the price of ADA.

“Assuming everything is going well, the Vasil upgrade could be published on the mainnet in late July. It happened that the Vasil testnet actually started late last night.

However, it should be noted that this can be a bearish event if a serious problem is discovered. This was the case with the Alonso testnet last September, which introduced Cardano’s smart contract capabilities …

Cardano’s smart contract features were pretty simple at first. This meant that it was very difficult to actually deploy a decentralized application. “

Last week, Cardano developer Input Output Hong Kong (IOHK) announced that a hard fork from the testnet to the mainnet will begin on July 3rd.

While current market conditions are unlikely to bring about a parabolic recovery in ADA, Coin Bureau hosts say the upgrade could be significantly bullish for Ethereum challengers.

“Fortunately, in this case, expectations for the Vasil hard fork seem a bit calm, which can make the testnet, especially the mainnet, very bullish if scalability is expected to improve. What you bring is beyond the expectations of both users and developers.

Still, the sad reality is that we are in the crypto bear market. With little attention paid to altcoin these days, it is unlikely that ADA will surge soon. “

Cardano is trading at $ 0.46 at the time of writing and has risen 3.4% in the last 24 hours.

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