The price of ADA is currently above a key technical support level. The network is moving towards upgrading Cardano’s Hard Fork in July.
If the ADA price breaks out of the triangle This could mean a continued decline. by Cardano’s price target will be $0.20, down over 60% from June 28 prices.
Cardano’s Vasil hard fork
Despite the temporary downtrend, Cardano could be boosted by the upcoming hard fork “Vasil”. The upgrade is scheduled for the end of June. and will begin to use in July and aims to improve the speed and scalability of Cardano networks.
Additionally, Vasil expects to make Cardano more developer-friendly. This will be able to attract projects from competing Layer 1 blockchains. and lead to higher demand for ADA
ADA price everhave a historyIncreased in the days before Cardano’s Hard Fork, which should increase your chances of a rally alongside some helpful techniques shown below.
However, ADA prices are still available.A history that has plummetedAfter the hard fork, what will be the price will have to wait to follow after the Vasil hard fork has passed.
Will Cardano’s July Hard Fork Prevent ADA Prices From Going Down? appeared first on Bitcoin Addict.