Among the biggest Cardano developments coming up is the Vasil hard fork Key Points: Cardano Vasil hard fork is a big deal Cardano DeFi ecosystem is growing faster Bitgert might surpass the Cardano performance The Cardano team is doing a lot that is expected to skyrocket the coin performance.According to crypto analysts, Cardano might leap big from the upcoming bear run and its upcoming developments to skyrocket its price to a new ATH end of this month.This means Cardano has to surpass the current ATH, which is $2.9676, in the next few days.
But how is this possible? Well, Cardano has shown that it is a coin that can deliver a fast price rise.As one of the blockchain projects with real utility, Cardano is making moves that will increase its mass adoption.
The Cardano team is already working on developing products that are going to grow the Cardano project adoption in the next few weeks.
Among the biggest Cardano developments coming up is the Vasil hard fork, an upgrade that is expected to make the Cardano chain more scalability.The Cardano Vasil upgrades will also introduce other features that will grow Cardano chain adoption.
The Cardano Hydra is another upgrade that is already getting a lot of attention.
The fast-growing Cardano DeFi ecosystem is another factor that is projected to push the Cardano price to a new ATH.However, Cardano will need to compete with Bitgert (BRISE) and other attractive crypto projects to reach this new ATH.
Bitgert is one of the projects that are experiencing massive adoption today.In fact, Bitgert is getting Cardano investors’ attention with its attractive project.
Here is more about Bitgert:
Bitgert
Bitgert has continued to impress crypto investors with its fast-growing ecosystem.The Bitgert ecosystem is the fastest growing right now, with the team launching multiple products and projects.The short timelines for delivering Bitgert roadmaps have been the most attractive thing about Bitgert.
The Bitgert team delivered the roadmap V1 in the first 200 days, which included the building and launching Bitgert BRC20 blockchain, the world’s zero gas fee blockchain.There are many more Bitgert projects launched in this roadmap.
The Bitgert roadmap V2 is what attracts thousands of investors because of the game-changing products it is delivering.
The roadmap has multiple Web3, NFT, and DeFi products, including a CEX, Web3 oracle, Bitgert NFT marketplace, and many others.These are products projected to skyrocket Bitgert adoption.
The Bitgert Startup Studio is also adding 1000+ new projects to the ecosystem.Note that Bitgert has partnered with Centcex to add more products to the ecosystem.
In conclusion, Cardano has a tough competitor in Bitgert.
The Cardano team will need to deliver a more attractive crypto project than Bitgert to reach a new ATH.
The post Cardano Might Hit a New ATH Before This Month End appeared first on .Advertisement ADA holders perplexed as network clings to ‘hard work’ narrative with new…
Published Aaryamann Shrivastava
Cardano’s promise of being ‘The DeFi Chain’ is nothing new under the sun, however, this promise may not be fulfilled anytime soon.
Now, while the Cardano community is busy trying luck in the DeFi game, Cardano seems to be losing its faithful long-term investors.Cardano and long-term holders
Cardano’s investors have been very loyal to their token, much more than that of SHIB’s and DOGE’s investors.These investors have not, for one moment, left the market despite the consistent price falls and crashes.
This is because their faith in Cardano as a blockchain is much stronger than the prevailing market conditions.
These people stood the test of the time when ADA crashed by over 47% on the charts adding to the ongoing downtrend since September 2021.The all-time high it marked then of $3.160 has since declined by more than 84.3%.
This has caused the investors to move around their assets in losses since the beginning of January 2022, affecting billions of ADA on the chain.
Consequently, the MVRV of Cardano plunged to a level of -4.6, the lowest it has been in 24 months (since April 2020).This clearly states that the token at the moment is undervalued.
Upset with the crypto market, some ADA holders even chose to sell.
Long-term holders, who are usually considered the best friend of any cryptocurrency, panicked and sold a part of their ADA tokens and ended up destroying $1.27 trillion days in a single day on 3 May.
However, Cardano as a blockchain paid no heed to the same and remained unbothered by the panic selling since its focus is on just expanding the space.
For the same reason, the recently approved Fund 8 was voted upon to fund 367 proposals bringing the total number of projects funded by Project Catalyst to over 1,000.Advertisement
The network already has over 20 DEXes and Liquidity protocols as well hundreds of other apps stemming from different branches of the crypto space.
This would serve as a massive boost for Cardano since, currently, the network only has $141.5 million locked on the chain.Now, when that changes for the better, the ongoing situation is also expected to improve as a result.
Cardano (ADA) Could Slide Back To $0.40 – But $0.68 Still Doable
Published Jet Encila
Cardano (ADA) price looks bullish as it does a U-turn on Monday following negative economic spikes from China getting crypto traders all worried.
In addition, many major corporations are exiting Russia, including McDonald’s.All of these factors contribute to heightened risk sentiment making it entirely difficult for major cryptocurrencies to elevate in price than usual.
This could also mean bad news for ADA; risking a 32% correction.
The negative sentiment has been growing enormously which also signal a downward trend in the next quarters.
As of this writing, the crypto is trading at $0.560514 on Coingecko, Wednesday, down 10% in the last seven days.
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Tail risks pad up incessantly and it doesn’t seem to end which could mean ADA investors might head for the exit anytime soon.
ADA price is heading for a nosedive right below the $0.47 price point or at the low end of the distribution zone which could even reach $0.38.
On the brighter side, with the developments happening in the global economics and to the Cardano community, the first trading day of the week has shown promise of recovery.In fact, ADA price could possibly go towards $0.687 and move up to $0.915.Advertisement ADA total market cap at $18.09 billion on the daily chart | Source: TradingView.com
Even though Cardano suffered a massive drop during the past week, it managed to recover and reach $0.613 on May 16.Meanwhile, Cardano is currently shaking it off after its gains of 4%.
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It went through a three-day bounce right there as shown over the weekend.The whale activity was seen for Cardano which signaled a deviation in price direction.
Cardano TVL is at around $174.74 million.Now, it may seem like the increase is totally insignificant but it’s a winning jump since it has been steadily declining from its peak TVL of $434.74 million in the first quarter or March 28.
The difference between cardano and the other alts.They pay to do stuff like this.The Cardano Community just does it themselves out of love for the ecosystem and philosophy.We got marketing.
It’s three million strong and growing.https://t.co/cRdnmGZPZz
— Charles Hoskinson (@IOHK_Charles) May 16, 2022 Cardano Flag On Mount Everest Summit
Charles Hoskinson, Cardano Founder, is loud and proud to have reached the Mount Everest summit.He was ecstatic about the raving support of the community.His remark saying “we got marketing,” definitely speaks volumes of his optimism despite the downward trend that ADA has displayed the previous days.
The Cardano CEO is proud to have a strong and dedicated community comprised of 3 million members and still growing.
The native tokens of Cardano also went up to 4.7 million.
Moreover, Cardano has also managed to get $20 million more in funding since Mary 13.Its TVL has jumped from 18 million a few days ago to $137 million on May 16 – that is a 6% change of TVL in a matter of 24 hours.Featured image from Coinbase, chart from TradingView.com Advertisement .