Cardano’s (ADA) performance outperformed most altcoins in the last week of May and this may be driven by investor excitement over Vasil’s hard fork launch.
Vasil, scheduled for launch on June 29, is said to be improving scaling by introducing ‘pipelining’ which will increase block spread.
While scaling is one of the improvements, another aspect that will see a significant improvement is Plutus ’smart contract language for decentralized application developers (dApps) and reducing blockchain delivery delays.
The last major improvement for the Cardano is the Alonzo hard fork, which was put into use on September 12, 2021.
While this update adds smart contract functionality, the price didn’t show such a significant reaction.
The question now is will Cardano show a similar response during the launch of Vasil later this month?
At the time of writing, the ADA is trading steady at $ 0.58 after being dragged down alongside Bitcoin (BTC) which is currently declining at $ 29,600.
