- Cardano preps to launch Vasil hard fork
- ADA may reach $3
- Jack Dorsey to launch decentralized internet on Web5
One of the busiest crypto networks in the space, Cardano is preparing for the nearing launch of its Vasil hard fork. As per its developers, the building of the Vasil upgrade is going smooth. “Work is proceeding well and the teams’ operational focus remains on delivering the hard fork efficiently and seamlessly, they said.”
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Furthermore, the network developers also ensure that everything will go well in the launch. In detail, IOHK is working on the integration program to ensure that the node and other components (from DB Sync to third-party APIs) are upgraded to be Vasil-compatible.
In terms of its market position, Cardano ranks as one of the top 10 cryptos in CoinGecko. It has a total market cap of over $19 billion with a 24-hour trading volume of more than $1 billion. This is proof that investors continue to trust Cardano despite the bearish market.
As seen in the chart above, the trading price of the crypto trades at $.5 per crypto, a decent position. If the Vasil hard fork launch will run smoothly, there is no question that ADA may smash the bullish price of $1 to $2. Furthermore, if Cardano is able to increase its investors in the network to touch the market cap of $91 billion, ADA price may reach $3 or more.
In other news, former Twitter CEO and staunch Bitcoin supporter Jack Dorsey will be launching a decentralized Internet platform called Web5. As announced on Dorsey’s platform TBD, this Web5 platform will be “extra decentralized.”
This move officially means that Dorsey will not subscribe to the Web3 vision.
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