Cardano Speeds up Network Upgrades, Gears To Hit $1 Soon?

Cardano maintains the top crypto ranking despite the market decline.
Charles Hoskinson recently endorsed Algorand.
Cardano could raise its market capitalization and surge its price to $1.

Cardano maintains the top crypto ranking despite the continued market decline of the cryptocurrency space. In detail, ADA holds its position as the 8th leading crypto digital asset in CoinGecko, proof that investors remain on the side of Cardano regardless of the market behavior.

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In terms of technology developments, Cardano is speeding up its Vasil upgrade. “ The Vasil upgrade is the most ambitious program of work we’ve undertaken. And the whole community is involved. Our prime concern is ensuring we manage this upgrade in a way that is safe and secure, IOHK tweeted.”

The Vasil upgrade is one of the latest hard fork developments of the Cardano network. As per Charles Hoskinson, Vasil will bring Cardano to a whole new level, a very powerful word that could attract tons of investors in the space. Hence, this will allow Cardano to face a mass adoption that could possibly lead to a price surge.

Furthermore, Cardano’s chief personality Charles Hoskinson recently endorsed Algorand, saying that it is an “excellent project with exceptional people. This act of Hoskinson sparked different reactions in the cryptocurrency twitter space. Some said Cardano and Algorand may form partnerships in the near future.

On the other hand, the details mentioned above are just brief information about Cardano. If this development continues, there is a possibility that Cardano could raise its market capitalization and surge its price to $1.

Disclaimer: The views and opinions in this article belong to the writer alone and they do not necessarily reflect the position of CryptoNewsLand (CNL). No information in this article, whether expressed or implied, should be taken as financial advice. Remember that investing in cryptocurrency poses significant risks to your asset. Hence, CNL strongly recommends all readers perform their own in-depth research before investing in cryptocurrency.

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José Gustavo

José is a crypto enthusiast who trades crypto night and day. He loves to share his trading stories and experiences in all his published articles. José likes to hang out and travel to meet new friends. Enjoys sushi, vodka, and tequila.