Cardano’s Price Goes Crazy Before the Hard Fork in June

According to the latest data, Cardano (ADA) investors are bracing for the hard fork update in June 2022. ADA has been trending upwards with the price rising, following many projects that joined the blockchain technology.

ADA Always Increases Before the Hard Fork

A hard fork means that the new network’s protocol will allow the invalid blocks to become valid. Historically, Cardano’s price has continually been rising before the hard fork is about to happen.

For example, before the Shelley hard fork update in July 2020, ADA prices rose by 500%. Before Mary update in March 2021, the price skyrocketed by 1,100%. The latest Alonzo update saw ADA spike by 135%, hitting an all-time high of $2.96.

Since the Vasil hard fork update will occur in June 2022, investors speculate it will also cause a price increase.

At the moment, ADA is trading at about $1.13, with massive 30.68% gains in the last week. Cardano currently has a market cap of $37.9 billion, and as of March 24, Cardano’s MC saw an influx of $10 billion.

After the latest update in September, which brought smart contracts, Cardano is able to scale and perform faster than ever before.