Cardano could move towards $1 if the hard fork is successful. Van de Poppe explained that $0.32 and $0.40 are the key areas for ADA. ADA is currently trading at $0.4465 after a 0.61% drop in price.
The Ethereum Merge saw a successful launch on September 15, but now, all eyes are on Cardano (ADA) and the Vasil Hard fork. Among these eyes are those of the well-known crypto analyst Michael van de Poppe. According to van de Poppe, Cardano could move towards $1 if the hard fork is successful.
According to the analyst, the Vasil hard fork can create some huge opportunities. He also added that although people believe that Cardano could suffer the same fate as Ethereum after the Merge by experiencing a downfall, he believes the opposite will be the case.
Van de Poppe then went on to explain that $0.32 and $0.40 are the key areas for ADA to keep an eye on as the currency should not lose this range. This price will act as support in the next trade cycle.
One of the biggest pearls of wisdom that came from Van de Poppe is his belief that ADA’s price will see a positive move upwards to $1,00 if the Vasil hard fork is successful.
According to the market tracking website CoinMarketCap, ADA is currently trading at $0.4465 after a 0.61% drop in price over the last 24 hours and after reaching a high of $0.4618 over the same time period. ADA is still down more than 5% over the last week despite the Vasil hard fork being hours away.
ADA is currently the 8th biggest cryptocurrency with its market cap of $15,259,172,307 and its 24-hour trending volume is up 27.05% to now stand at $784,219,301.
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