A number of changes are expected in the network as a result of Cardano’s upcoming Vasil hard fork. In contrast, according to recent research from on-chain analytics firm Messari, the popular altcoin Cardano is “more aggressively priced” compared to other expanding ecosystems due to Vasil.
Among the growing ecosystems, @Cardano is priced more aggressively.
The upcoming Vasil hard fork is slated to bring significant improvements to Cardano, specifically higher throughput and smart contract enhancements. @Cardano @cardano_whale pic.twitter.com/P68S8UwwQq
— Messari (@MessariCrypto) August 8, 2022
Is Cardano price high?
A recent report by Messari states that Cardano (ADA) is ahead of the Vasil hard fork, at least compared to rival smart contract networks, including Solana (SOL), Algorand (ALGO), Tezos (XTZ) and NEO. argues that it is ‘aggressively priced’.
According to a tweet shared by Messari, Cardano’s active addresses are well below Solana’s, but higher than Algorand, Tezos and NEO’s. The Cardano network, on the other hand, processes around 62,000 daily transactions, compared to Algorand’s 296,000, Tezos’ 208,000, and NEO’s 174.00.
The tweet details Cardano’s overall value locked in the DeFi space is below Solana and Algorand, and its annual revenue is above all its competitors except Ethereum.
Taking this data into account, Messari found that the popular altcoin Cardano is “aggressively priced.”
Popular Cardano phenomenon “ADA whale” reacted to the report, accusing Messari of using a “meaningless chart” in his view because the total locked value was “game statistics” and other metrics were “imperfect”. believes.
Koinfinans.com As previously reported by Vasil update has been delayed several times. The IOG team announced that they are determined not to rush, despite this criticism from the entire industry.
Kevin Hammon, Technical Manager of Input Output Global, has previously stated that the team is making meticulous fixes to make sure no critical issues are overlooked. The company’s CEO, Charles Hoskinson, reported that he did not foresee any further delays. Although there is no exact release date, Vasil is expected to be released on the mainnet in the next few weeks.
Despite all this, some ADA investors seem optimistic. Santiment’s latest to the data According to the token, medium-sized investors accumulated nearly 80 million tokens in one month of their holdings. Small ADA investors showed a similar trend.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.