Vasil Cardano (ADA) Needs Additional Skills, Enters Main Net 27 September 2022

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Vasil Cardano's update will enter the main net next Tuesday (27/9/2022), which still requires additional capabilities.

Vasil is an update that investors are eagerly waiting for as it will significantly improve the Cardano network, especially in terms of scalability and lower transaction costs.

Vasil Cardano Needs Additional Skills

According to a Beincrypto report, in addition to making improvements to the back-end network capacity, Vasil's hard fork also presents a new cost model for Cardano's programming language, Plutus.

The upgraded Plutus will be efficient, which will eventually make the built dApps cheaper. Developer profits will increase.

One of the projects that has experienced a drastic positive change from the upgrade of Plutus is the Artano NFT project. The project saw a script shrinkage of more than 90 percent, and a cost reduction of about 75 percent.

Several DeFi (decentralized finance) projects will also be upgrading their code to take advantage of Vasil updates, namely the Indigo Protocol, Liqwid Finance and Maladex projects.

“We anticipate a surge in the deployment of new and updated dApps in the coming quarters,” said the Cardano Developer team.

Additionally, Charles Hoskinson, Cardano Developer and Ethereum co-Founder, said that Vasil makes it easier for developers to build scalable dApps on the Cardano network.

Price ADA

Following the launch of Vasil on Thursday (22/9/2022), the price of the original Cardano coin (ADA) has risen by more than 4 percent.

AMB Crypto reports that when looking at the ADA price chart on the 4-hour time frame, the bullish trend is still clearly visible, which is supported by the positive RSI indicator.

However, referring to the DMI indicator, the bullish trend still looks less strong because some of the lines are still sloping.

In addition, a positive signal is also seen in the MVRV (market-value-to-realized-value) obtained by Santiment. It can be seen that the price growth has reduced the losses that hit ADA coin holders in the last 30 days.

At the time of writing, the price failed to move higher than US$4.80 and was stuck in the US$4.63 range. There is still hope for a comeback as long as the price is able to stay above the psychological level of US$4.50 until the market close this week.

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