- Cardano developers assured the community that Vasil hard fork is on schedule, with no anticipated delay.
- Cardano price has struggled to recover despite a spike in development activity close to the scheduled hard fork.
- Analysts predict a further decline in Cardano price and believe ADA could drop to support at $0.31.
Vasil hard fork is now imminent, and the technical director of open-source development at the Cardano Foundation revealed that the node, ledger, network and consensus appear to be stable so far. Despite these positive developments, crypto analysts believe Cardano price could plummet to support at the $0.31 level.
Also read: Cardano price targets $0.64 after Charles Hoskinson confirms smart contract compatibility with Vasil hard fork
Vasil hard fork development is on track
While traders on crypto Twitter are speculating a delay in Cardano's Vasil hard fork, KtorZ, the technical director of open-source development at the Cardano Foundation, assured the community that development is on track.
Input Output Global, the development team behind Cardano, recently announced that the Vasil upgrade is the team's most ambitious program to date. Vasil upgrade involves close collaboration with many ecosystem projects, and IOG is working with the Indigo protocol and Dquadrant.
Looking at the issues, Vasil might not be ready on mainnet at the end of July. Another 2-4 weeks delay I guess. #Cardano $ADA https://t.co/8lTDoXlFae
— $sugiggs (@sugiggs) July 13, 2022