On the eve of a large-scale blockchain update, the Cardano cryptocurrency may double in value

The Cardano (ADA) community is preparing for the Vasil hard fork, which will increase the scalability of the decentralized network and overall usability. Despite the volatility of the cryptocurrency market, it is believed that the upgrade will cause the price of ADA to rise.

In this regard, crypto trading expert Michael van de Poppe believes that ADA is likely to target the $ 1 level ahead of the update, noting that the asset has not seen any upward movement in recent days.

According to Poppe, the lack of significant momentum in the ADA price ahead of the blockchain update will be the main catalyst for a potential rally after the September 22 hard fork.

Interestingly, the hardfork will also include improvements to Plutus, the Cardano smart contract platform. The changes will allow developers to create more powerful and efficient blockchain-based applications.

In general, before the hard fork, Vasil Cardano continues to record an increase in capital inflow activity. For example, on September 5, the media reported that ADA increased its market capitalization by more than $ 2.1 billion in seven days.