The Vasil hard fork is an upgrade to the crypto’s blockchain that will see it switch over to a new set of rules and protocols. However, unlike most hard forks, there will be no network shutdown and restart.
To go along with that, Cardano is utilizing its Hard Fork Combinator to benefit traders from before the change. This allows it to keep the old rules and new rules, while also maintaining the history of the blocks prior to the hard fork.
Investors in Cardano have been anxiously awaiting this hard fork as it’s been delayed since its original June launch. Luckily, the company behind the crypto has met its three critical mass indicators that will allow for the upgrade. That means traders shouldn’t see another delay.
With all of that said, let’s take a look at what the future might hold for ADA after its hard fork below!
Cardano Price Predictions
- Our list today starts with Gov Capital and its one-year price estimate of $1.8729862618848 for the crypto.
- Next, we have WalletInvestor with its one-year price forecast of $0.0531 per token.
- Closing out our price predictions today is DigitalCoinPrice with its average 2023 estimate of $1.03 for Cardano.
Those price estimates for ADA are largely positive. To put them in perspective, Cardano was trading at 45 cents per share as of this writing. Investors will also note that ADA is up 1.3% over the prior 24-hour period as of Thursday afternoon.
Crypto traders looking for more of the latest market news are in luck!
InvestorPlace has all of the latest crypto coverage they need to know about for Thursday! For example, we’ve got the details behind XRP (XRP-USD), Algorand (ALGO-USD), and Ethereum Classic (ETC-USD) movement today. You can find all of that at the following links!
More Thursday Crypto News
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.