September 22 saw the upgrade of Cardano (ADA). If some people doubted during the process, the success of the Vasil hard fork is indeed there! While we wonder what’s next, well Coin Bureau sees things big for the network.
Cardano (ADA), soon a rush of institutional clients?
The crypto ecosystem has been moving a lot lately. While everyone is finally expecting a bullish current, the networks are chaining updates to better meet the needs of users. After the successful Cardano (ADA) update, Coin Bureau believes that the Vasil hard fork may attract the attention of institutional clients during the next price rise.
Indeed, Guy declares in a interview granted to his colleague Benjamin Cohen that institutional investors will shift into high gear in the near future. According to him, the latter will look for proven blockchain projects, such as Cardano with Vasil.
Guy thinks that in the long term, institutionals will turn to Ethereum (ETH) and Cardano (ADA) especially when cryptocurrencies return to their glory. Why ? Because these two blockchains were able to execute and succeed in big updates. As a result, it testifies to the competence of the people working on these projects.
On track despite downtrend
The fall in prices has had consequences for many blockchains. Indeed, most cryptocurrencies have lost more than half of their valuation. However, Guy is confident that the successful upgrade will be favorable to Cardano. He claims that even though ADA’s price performance has been disappointing lately, it’s part and parcel of the current bear market.
Thus, he says that one should not be discouraged since with the upcoming updates, Cardano will be a real pillar for the future. According to MuesliSwap, the decentralized exchange, the Vasil hard fork had an incredible effect on the trading platform. smart contracts.
The DEX claims that the successful upgrade of Cardano (ADA) resulted in fees being cut in half and transaction speeds increased by 10x. Charles Hoskinson the co-creator of Cardano also states that his platform will continue to evolve to improve its efficiency and scalability.
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