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A popular cryptocurrency analyst believes there is a gap between Cardano’s (ADA) sluggish price performance and the project’s fundamentals.
Cryptocurrency trader Michael van de Poppe in new YouTube video To tell His 165,000 subscribers say there is a “huge opportunity” surrounding Cardano’s Vasil hard fork, scheduled for September 22nd.
The upgrade aims to improve the scalability of the project.
Van de Poppe says.
“People assume it’s going to drop further from here, but that’s often not the case because the most obvious levels aren’t usually hit. If that’s the case, [the area] The $0.32 to $0.40 area is a key point to watch and should provide support to avoid a market collapse and will most likely hold as support for the next cycle.
Finally, this basically means that there is no momentum or hype going towards the Vasil hard fork. Very similar to an Ethereum merger, this presents a huge opportunity if Vasil’s hard fork takes place positively. If so, it would not be unexpected to see him rally towards $1.00 before or after this event. “
ADA is trading at $0.448 at the time of writing. The 8th largest crypto asset by market capitalization is up more than 1% in the last 24 hours.
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