Cardano may be ready for a bull-run, but will ADA share the common goal
Cardano [ADA] is all set to launch its new Vasil hard fork this month. However, the blockchain also registered a commendable performance last week by gaining more than 5% in the last seven days.
With this, it outperformed several other cryptos with higher market capitalization, including Ethereum [ETH] that is set for The Merge in September. At the time of writing, ADA was trading at $0.4705 with a market cap of $0.487.
The Vasil hardfork, which has been delayed for quite some time now, is scheduled to go live in mid September. This has sparking significant excitement in the Cardano community. While the development and testing for the hardfork is on, Input Output Global recently tweeted a few updates regarding the same.
Plutus, the smart contract platform of the Cardano blockchain, will receive a huge update with Vasil. According to IOG, Plutus V2 scripts introduced with Vasil will provide higher transaction throughput and increased cost-efficiency. This will increase the value and capability of the Cardano network considerably.
<p lang=«en» dir=«ltr» xml:lang=«en»>ICYMI: Plutus V2 scripts introduced with #Vasil provide higher transaction throughput & increased cost-efficiency. Here's more about reference inputs and reference scripts enabling #Plutus V2 enhancements. #Cardanohttps://t.co/IYNMMevx49— Input Output (@InputOutputHK) September 7, 2022
Charles Hoskinson also stepped into the story and tweeted about how Cardano was at its best despite a plunge in its price last month.
He said, “A universal truth about crypto is that the markets are disconnected from reality.”
<p lang=«en» dir=«ltr» xml:lang=«en»>A universal truth about crypto is that the markets are disconnected from reality. Cardano has never been stronger and Read more on ambcrypto.com
