While the crypto money market has been showing a horizontal view in the last 24 hours, one of the important days of the crypto ecosystem is approaching. We have left behind a major update on the Ethereum front. Next is Cardano, one of Ethereum's major competitors. Cardano stated that the Vasil update will take place on September 22. The smart contract platform will work more effectively with the upcoming update. Many analyzes are shared, including the effect of the update on the Cardano price. Michaël van de Poppe tells his more than 165,000 subscribers that there are "big opportunities" surrounding Cardano's Vasil hard fork, which is scheduled for September 22.

Michaël van de Poppe Cardano Ada

The popular crypto analyst thinks there is a gap between the price performance of Cardano (ADA) and the fundamentals of the project.

   “People are assuming we're going to drop even more from here, but I don't expect that to happen as the most significant levels haven't been hit. In this case, the levels around $0.32 to $0.40 are an important area to consider and should be support to avoid any market disruptions and big probably needs support from here for the next cycle."

Poppe states that it is quite possible for Cardano to rally towards $1 after the Vasil hard fork.

   “It brings great opportunities if the Vasil hard fork happens in a positive way quite similar to the Ethereum merger. In that case, a run towards $1.00 around this event is not unexpected.”

Cardano price was recorded as $0.443 at the time of writing, while ADA's last 24-hour trading volume was $477,194,100. Cardano (ADA) price is down -1.0% in the last 24 hours. There is a circulating supply of 34 Billion ADA coins, with a total supply of 45 Billion ADA coins. Binance is currently the most active market for ADA trading.