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Cardano continues to be the hottest crypto in the space due to its ambitious developments. Despite the current bearish market, ADA is able to maintain its position as one of the top cryptos in CoinGecko. This was made possible with the help of its investors that continue supporting the network regardless of the market conditions.
Cardano is looking forward to launching its latest upgrade — the Vasil hard fork. As per Hoskinson, the hard fork upgrade will bring massive performance improvement to Cardano. Hence, investors may expect mass adoption of ADA anytime soon. Furthermore, aside from widespread acceptance, the Cardano price may also break its resistance level of $1.
As seen on the chart above, Cardano trades at a decent price of $0.88. ADA’s market position is just +12% away from its resistance level of $1. If the crypto will be able to sustain its status until the developers complete the Vasil hard fork, ADA may surge.
Interestingly, the price of Cardano may break its $1 mark and even surge from $2 to $3. Still, this price forecast of Cardano is still subject to the behavior of its investors in the network.
On the other hand, analysts in the crypto scene are also stating that Cardano may have a great future ahead. One of them is ‘The Cardano Guy’ who created a YouTube video about Cardano price analysis.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.