Crypto Users Have Many Questions About Upcoming Cardano Hard Fork

The Cardano Vasil Hard Fork will be the next upgrade on the Cardano Roadmap as it attempts to make the blockchain more robust and scalable. Cardano’s creator, Charles Hoskinson, revealed that the Cardano Vasil Hard Fork will go live on June 29, 2022.

However, it does seem that some Cardano users might be a bit hesitant about the event and seem to have many questions about the effect the event might have on their holdings. A Twitter user that goes by the name of “ADA Whale” responded to the doubt in the community.

The user stated in a Tweet on May 24:  “Key point: Hard fork is a scary term literally everywhere else. But not in Cardano. If you aren’t especially aware you may not even notice it.”

For clarification, Hard Forks breaks a single cryptocurrency into 2 parts, creating a new cryptocurrency with the same structure but different features and functions.

Most people seem to be hesitant about Cardano’s Hard Fork event primarily because these events often affect the market value of the existing asset, bringing high volatility to the currency.

Many people in the crypto space have made their own price predictions for Cardano during the time of the Hard Fork, but most seem to be fairly optimistic.

Some believe that Cardano could reach $0.67 in the upcoming weeks. Some bullish investors also still believe that Cardano can potentially flip ETH in market cap.

This is potentially some very good news to those Cardano holders who still have some reservations about the upcoming Cardano Vasil Hard Fork.