Amid the recovery of the crypto market, Cardano ranked at the second position as the best recovering crypto asset.
Cardano is a 7th-ranked crypto asset by 24 hours trade volume. Initially, Cardano entered the crypto industry as a leading blockchain Network to provide leading-edge technology at the commercial level. However, the concept of use cases of Cardano is different from Ethereum but still, Cardano is known as a rival of Ethereum.
On 31 May, the Price of ADA, the native token of the Cardano blockchain, surged from $0.45 to $0.7 within 24 hours. So within one day, Cardano surged by around 55.6%. At the time of writing this article, Cardano (ADA) is standing at $ 0.66, which is 27% higher over the last 24 hours.
Today, Waves coin is standing at first rank as a high rate price recovery crypto asset. However, the situation was very strange for Waves coin but here it was not for Cardano because of its upcoming upgrade in its network.
Cardano’ Vasil Hardfork
Next month on 29 June, it is expected that Cardano blockchain Network will go through Vasil Hardfork. Vasil Hardfork will enable huge numbers of features in the Cardano Blockchain to bring huge numbers of new applications-based connections.
The most important thing that will bring Vasil Hardfork is the ability to integrate the Hydra concept in the Cardano blockchain to bring high scalability based efficiency blockchain transactions more likely to Solana blockchain’ Proof-of-history protocols.
At present, Solana is standing at the highest level in terms of high scalability based transactions provider but it is expected that Cardano aimed to bring 10 times more scalability over the Solana blockchain.
Experts believe that Cardano is working to bring competition against Solana but in reality, Solana is no longer a rival of Cardano because of its outage issues, which occurred more than half a dozen.