ADA suffers from the common evil that cryptocurrencies experience in a bear market, but there are those who still hope for an improvement in its evolution. All due to the hard fork or Vasil hard fork that is expected by the end of this month.

Launched on the Cardano testnet on July 3, the Vasil hard fork is taking shape, while its move to the mainnet is expected to take place, still with no fixed date at the end of this month of July or, as crypto pundits point out, it may even be pushed back to August.

Now therefore completed on the Cardano testnet, Vasil is very significant for ADA, especially as it will raise performance standards. For now, project developers are encouraged to kick off their work on the testnet to ensure that there are no issues when deploying to the mainnet.

When it does, it will enable faster block creation and greater scalability for DApps, the decentralized ones running on Cardano, just as IOHK, the organization that produces Cardano, has promised. Other benefits go through the greater efficiency in your scripts and, above all, because it will help to reduce costs to a greater extent.

ADA Evolution in the Market

As for its evolution as a currency in the market, ADA continues to be immersed, like the rest of the cryptocurrencies, in great volatility and significant declines so far this year. In the last five sessions, it barely cut 0.56%, the monthly losses are large and reach 21.22%, in the three preceding months it yields 51.68% of its price, while in the semester the cut reaches 62.6%. So far this year, the fall is 65.2%.

In addition, the so-called sharks that own between 10,000 and 100,000 Cardanos have added the figure of 79.1 billion tokens, at the exchange rate in dollars of about 37.7 million, to their existing reserves in the last month, according to the data that Santiment implements and collects. An accumulation that is undoubtedly taking place due to the fall in the cost of ADA in the market, since it is trading at 88% of its historical maximum, which was registered last September, at 3.16 dollars per asset.

Such accumulation is not only produced as a mere business, but also as power. And the reason is that, the stronger they are, the more likely they are to mark the next trends of the token, in the face of conflicts such as the increase in volatility that occurs in the market, and even if liquidity is reduced.

This also indicates that they expect a revival of its price, despite the fact that experts expect the downward trend to continue. From Wallet Investor, they consider that the erratic movements in Cardano will continue to occur, and they expect a sharp drop to less than half of its current price, at the end of the year, to recover in 2023.

An Expert Predicts

Crypto analyst Michaël van de Poppe sees a change from resistance to support in the region of $0.46 per asset. He highlights that, if it exceeds the level of 0.47 dollars, its price could accelerate to 0.55 dollars as a new region to take into account. The break of its immediate resistance, according to van de Poppe, would be very favorable for ADA in the market.

By Audy Castaneda

Since ancient times, all monetary systems have failed and caused many social disasters. However, financial analyst Steve Dubied says BTC is different and could save humanity.

After inflation hit the headlines, the price of the pioneering cryptocurrency kept dropping. Its supporters have touted Bitcoin (BTC) as an ideal hedge against inflation for over ten years. The financial press seldom mentions that subject, leading to wonder whether BTC has lost its virtues.

Satoshi Nakamoto created Bitcoin to offer users a decentralized currency that no government institution could manipulate. From a maximum of 21 million units, 19 million are already in circulation, while over 3 million will remain lost forever. In addition, the issuance of the other 2 million coins will go to future generations.

The technology of Bitcoin allows transmitting it between peers instantly and securely. The costs of fees are the lowest, and no third parties have the right to judge the transactions. Unlike fiat currencies, whose refinancing through bond markets accumulates expenses, BTC has no debts.

The Bitcoin network has strengthened because it relies on its Proof-of-Work (PoW) consensus, which has not stopped growing since its launch. It consumes negligible amounts of energy (0.16%), primarily using renewable energy for its operation.

Its scarcity and reliability make Bitcoin the ideal store of value thanks to its decentralization and instant exchange.

Humanity has looked for this value preservation for thousands of years. Since ancient times, all monetary systems have failed and caused many social disasters, of which the current inflation is just one episode.

Despite Its Dropping Price, Bitcoin Has Many Virtues

Over the last few years, BTC has become a technological tool as fiat currencies have significantly depreciated. It even compares to a Nasdaq-listed company since it does not make profits and suffers punishment for rising interest rates.

Even though Bitcoin has dropped as low as Netflix, the comparison is meaningless. The current management of BTC is absurd and ignores all its virtues in hard times.

The US inflation rate went from 0.12% to 8.58% over the last two years. Meanwhile, the Federal Reserve (Fed) funds rate increased from 0.25% to 1.75% during that period.

In addition, the real interest rate in the US dropped from +0.12% to -6.30%.

The US real interest rate has fallen by 0.3% since Bitcoin reached its all-time high in November 2021. Meanwhile, the price of the cryptocurrency has dropped by 69%. However, it is the first time its features and logic have been so significant and well-founded.

Growing numbers of long-term holders wait to hoard Bitcoin as mass adoption increases. Over time, the reason for the creation of the cryptocurrency and its financial merits will become evident.

Steve Dubied is a financial analyst whose company CONSULFIN SA is in Switzerland. He worked as a risk and portfolio manager for institutions and hedge funds between 2005 and 2015. Cryptocurrencies have interested him since 2017, as they provide a technological advance that seeks to solve the growing global monetary drift.

By Alexander Salazar