Good news for Cardano investors! As per the latest updates by IOHK (Input Output Hong Kong), Cardano is prepared to launch testnet or Vasil soon. The IOHK recently announced the news on Twitter, offering a fresh lease of hope for investors planning to invest in this altcoin. The tweet further mentioned that the developers require time to carry out this immense transition to mainnet.
Vasil improvement is believed to enable developers to improve the efficiency and performance of the network. However, Vasil hard fork development was delayed for a long time, which brought much criticism to Charles Hoskinson, the co-founder of Cardano. Well, to Charles, the long-awaited technical evolution proves ecstatic.
If we go as per the co-founder’s opinion and the market analyst’s predictions, the hard fork will ensure a bright future for the altcoin. The market cap might rise with the successful implementation of the network development.
Despite market analysts being hopeful, however, clouds of skepticism still hover over the Vasil launch. Even after generating hype with the hard fork launch news, Cardano’s native coin ADA hasn’t experienced any highs. As we tread back in time, ADA traded at $0.46; the price surged by 4.6% in the past few days.
The crypto market is eagerly waiting for the 2nd of July, the release day of the hard fork. Cardano developers are a bit concerned as limited activity was conducted in the network. Let’s hope the new development changes in the network will enhance the market price of Cardano.