Key Points:

• Grayscale increases its allocation to Cardano by 32.33%
• The pump might surge Cardano prices
• Bitgert will still be a tough competition to beat

After adding Cardano to its digital large-cap fund last year June, Grayscale is back again in 2022, and this time, it has given Cardano the largest allocation. According to the data shared by the company, the Cardano allocation is 32.33% upward, followed by Solana at 21.30%.

Grayscale allocating Cardano such a high percentage of its cap means a lot for the coin. First, it shows the confidence the company has in Cardano. It is also a sign for crypto investors that ADA has good tidings coming up. It shows that Cardano might be looking forward to a bull run.

The Cardano Vasil hard fork, which is slated for the end of July, could be a factor that determined this allocation. Looking at the impact that the Cardano Alonzo hard fork made, the Cardano investors are expecting similar or better performance. If the Cardano Vasil hard will lives up to the promised features, it will make Cardano project super competitive.

The Grayscale Cardano allocation might have some effect on the Cardano competitiveness against new crypto projects outperforming it like Bitgert (BRISE). It is important to note that Bitgert has been one of the biggest Cardano competitors. This is after Bitgert developed one of the most powerful blockchains, better than Cardano. Here is more:

Bitgert

Bitgert developed a blockchain that is faster and cheaper than not only Cardano but other blockchains in the industry. At 100k TPS and the $0.0000000000001 gas fee, the Bitgert BRC20 blockchain became an instant sensation. These are major features that have enabled Bitgert to outperform other blockchains, including Cardano.

Bitgert price performance has also been better than Cardano's because of the mass adoption of the Bitgert BRC20 chain. The Bitgert coin has been bullish this year and also maintained a stable price during bear markets when Cardano was plummeting.

Though the fast-growing Bitgert ecosystem and the disruptive products coming from the Bitgert roadmap V2 are expected to skyrocket Bitgert price, the Cardano Vasil hard fork is a big deal. This plus the allocation added by the Grayscale to Cardano, competition against Bitgert might go higher.

Conclusion

Cardano might be headed for an upward trend due to the Grayscale gesture and the upcoming Vasil hard fork. However, the Cardano team will need to do more to beat the Bitgert competition.