Vasil Started: A Lifetime Investment Opportunity for Cardano?

The Cardano network has finally started the Vasil hard fork after several delays. On September 22, Cardano’s highly anticipated Vasil hard fork upgrade went live on the network without a hitch and will run until September 27. This upgrade will enhance the network’s smart contracting capabilities, increase network throughput, and reduce process costs. So is the Vasil upgrade so precious to the network an opportunity to buy ADA?

Cardano, Vasil hard fork upgrade launched

On Thursday, September 22, Cardano Blockchain launched the Vasil hard fork upgrade, named in honor of Bulgarian mathematician Vasil Dabov. Vasil is a worthy endeavor for the scalability and breadth of Cardano, the peer-reviewed Proof-of-Stake (PoS) network. Because the upgrade aims to improve the concurrency sorun in addition to these features of the network.

So Vasil will pave the way for a much better user experience for Web3 application developers in Cardano. Additionally, Vasil will introduce a second version of Plutus, Cardano’s smart contract programming language. The features of Plutus v2 will come one cycle after the Vasil fork, which is expected to take place on September 27. Plutus was introduced in the previous Alonzo update that took place last September.

Vasil was delayed many times

In fact, the team had originally planned for the Vasil hard fork to launch on the mainnet in June. But the purpose has strayed. For this reason, the IOG company that developed Cardano had to reschedule the launch twice. All of this also created anxiety among investors and negatively affected the network. The Cardano team attributed these delays to the need for time to clear up errors and further testing.

However, Cardano founder Charles Hoskinson assured the ADA community that there will be no other delays. “We don’t anticipate any problems and there’s no turning back now,” Hoskinson said on September 18. Now Vasil has begun and will take place in a two-phase state. The first of these stages took place on September 22. The second tier of upgrade will take place on the network on September 27.

Will the ADA price explode with the Vasil effect?

The ADA price took a hit last week after the Fed raised interest rates by 75 basis points. This blow came during a period when the altcoin had been following a quiet price movement for a long time. In other words, Cardano price continues its decline, which it started with the 2022 bear market. However, well-known analyst Michael van de Poppe says investors should not mind this.

Poppe says all signs indicate that the ADA is ready to defend critical footholds. That’s why the ADA is unlikely to see a massive retracement, he notes. According to him, the mid-$0.32 to $0.40 zone will be the key price points for the next bullish cycle. However, Van de Poppe believes “big opportunities” lie ahead for the ADA. According to Poppe, it is possible for the ADA price to climb to $1 after Vasil’s successful realization.

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