Cardano (ADA)Crypto News

Massive Cardano (ADA) Rally Headed For Vasil Upgrade According To Analyst Michaël van de Poppe

A popular crypto analyst believes there is a gap between Cardanos (ADA) struggling price development and the fundamentals of the project.
In a new YouTube video, crypto trader Michaël van de Poppe tells his 165,000 subscribers that there are “massive opportunities” surrounding Cardano’s Vasil-Hard fork there, which is scheduled to take place on September 22nd.

The upgrade is intended to increase the scalability of the project.

Says Van de Poppe,

“People assume we’re going to crash more from here, but often that’s not the case as the most obvious levels aren’t usually reached. In this case, [the area] around $0.32 to $0.40 is a key level to watch and should be support to avoid a market collapse and will most likely hold as support here for the next cycle.

Ultimately, this means that we have basically no momentum and hype towards the Vasil hard fork as there has not been a clear run to the upside before. This brings tremendous odds if the Vasil hard fork is to go positive, which is very similar to this one Ethereum merge. In that case, a run towards $1.00 in this event is not unexpected.”

ADA is trading at $0.448 at the time of writing. that after market capitalization The eighth-ranked crypto asset is up more than 1% over the past 24 hours.


Featured image: Shutterstock/Zaleman
Image generated: DALLE-2

Source: Crypto News Deutsch

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