After the Vasil hard fork, the price of Cardano (ADA) nearly fell to a year-low as the upgrade failed to generate a bullish trend. The hard fork, which went live on September 22 and 27, hasn’t been able to gain traction and in fact, following the activation of Plutus V2, the price of ADA dropped to $0.42, practically a year’s low.
However, according to the coinmarketcap community, as of October 31, 2022, Cardano is estimated to trade at an average of $0.5873,
10,386 votes were cast, with the outcome determining the optimistic price projection for the decentralized finance (DeFi) coin. According to this estimate, the price of ADA, which was trading at $0.432 at the time of publication, will rise by $0.15, or 36.21%.
According to well-known crypto trading analyst Michael van de Popp, the best time to buy Cardano is when its price is between $0.30 and $0.375. He believes that the range between $0.3 and $0.375 is the last zone to buy.
Van de Poppe said that the chart of the cryptocurrency “is looking like we’re accumulating” as well. A reverse in Cardano’s present downward trend, according to the trading expert, would result in a rise in long holdings.
Charles Hoskinson is still in ADA. is bullish on
The fact that Charles Hoskinson, the man behind ADA, is coming up with new suggestions to strengthen the DeFi blockchain, is something that could impact Cardano’s price in the future. Hoskinson has expressed his support for Cardano’s long-term objective of creating an ADA-certified wallet.
Hoskinson said in a video cast on September 28 that Cardano plans to abandon the idea of a physical wallet in favor of a blueprint with specific specifications that will guide developers in producing certified wallets.
