|

Cardano price nosedives as analysts argue Vasil hard fork is months away

  • Proponents believe the Cardano community won’t see all options and enhancements immediately after the Vasil hard fork. 
  • Cardano blockchain could take weeks and months to complete dApp-related updates. 
  • Analysts predict a decline in Cardano price and set a downside target of $0.68. 

Based on IOHK’s recent report on the Vasil hard fork, the Cardano community could take weeks before decentralized applications on its blockchain receive updates. 

Cardano price prepares for further decline 

The company behind the development of Cardano, IOHK report revealed the updates for dApps in the Vasil hard fork. The decentralized applications on the Cardano network would wait for months before an update. 

Proponents believe the delay in implementing the hard fork could negatively influence Cardano’s price. Since the Cardano community won’t have access to all options and enhancements associated with the Vasil hard fork right away, it could take months before Cardano-based dApps offer these updates. 

The Vasil hard fork involves a reconsideration of the Plutus script’s logic and the process of submitting it to a brand new blockchain, Cardano network could take weeks to implement the changes. The upcoming hard fork on the Cardano network would allow smart contract users to process dApp transactions without delay. 

The sophisticated switch of options in the Cardano blockchain would be changed to brand new, rewriting an enormous quantity of scripts and making a whole new audit. 

Denys Serhiichuk, a crypto analyst and trader, evaluated the Cardano price trend on a more oversized time frame and noted that ADA had been fixed below $0.90. There is a high possibility that the altcoin will continue to decline. Bears could push ADA lower, to the $0.68 mark. 

FXStreet analysts hold a contrasting view and are bullish on Cardano price. Analysts believe ADA is positioned for a 22% upswing. Analysts believe the range extending from $0.87 to $0.95 remains a good buy for Cardano, and the altcoin could swing high to $1. 

Author

Ekta Mourya

Ekta Mourya

FXStreet

Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.

More from Ekta Mourya
Share:

Editor's Picks

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.

Bitcoin, Ethereum, and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Ethereum Price Forecast: FG Nexus continues distribution amid signs of returning risk-on sentiment

FG Nexus, once dubbed an Ethereum treasury firm, resumed offloading the top altcoin on Wednesday, distributing 7,550 ETH, according to data from smart money tracker EmberCN.

Top Crypto Gainers: Stable and Decred rally, Pippin approaches record highs

Altcoins, such as Stable, Decred, and Pippin, are extending gains so far this week, defying the risk-averse conditions in the broader cryptocurrency market. Stable and Pippin are near record high levels, while Decred extends its breakout rally above $30.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.