Gary Scale increases Cardano's holdings in Atrium Rivals Fund by more than 32%

Gary Skill announced that he would increase the percentage allocated to Cardano in the Atrium Rivals Fund. This decision seems to be due to the expectation of a positive price performance of these cryptocurrencies until the arrival of Hardfork Vasile.

As part of the process of changing its quarterly balance sheet, Gary Skill has sold some of the digital currencies in his fund to buy more Cardano.

GaryScale has increased the amount of capital allocated to Cardano in its smart contract fund for Atrium rivals to 32.33%. The image below, shared by Dan Gambardello, CEO of Crypto Capital Venture, lists the holdings of each digital currency per share of the fund:

But why did Gary choose Skillo Cardano as the number one asset in the Atrium's smart contract fund?

The ADA Ramzarz rose more than 20% last week due to Cardano's upcoming hard fork called "Vasil" and had one of the best performances. Hard Fork Wasil is scheduled to run on the Cardano network by the end of June. The purpose of this hard fork is to improve network performance and facilitate the use of this blockchain for developers in building and running applications. As the competition between Atrium alternatives continues, Cardano can make a lot of progress with this hard fork.

In addition, development has continued steadily in the Cardano blockchain since Alonzo Hard Fork and the launch of smart contracts in the Cardano network, which allowed the network to compete with blockchains such as Atrium. According to Input Output, the number of projects on the Cardano blockchain platform has now exceeded 1,000.

Such uptrends actually play a vital role in helping the network and its performance.

Increase the volume of Cardano transactions

According to data from the Messari platform, Cardano had the highest adjusted transaction volume in the last 24 hours, surpassing Bitcoin and Atrium by $ 10.71 billion.

 Conditions for Cardano appear to have risen in June. However, the question is whether this trend will continue?

It will determine the time to answer this question. It is worth noting that due to the general price correction in the Ramzarz market, the price of Cardano has decreased by about 8% and has reached below $ 0.6.