Your requirements could not be resolved to an installable set of packages.
Problem 1
- Root composer.json requires psr/simple-cache ^3.0.0 -> satisfiable by psr/simple-cache[3.0.0].
- psr/simple-cache 3.0.0 requires php >=8.0.0 -> your php version (7.2.34) does not satisfy that requirement.
Problem 2
- laravel/laravel[v7.29.0, ..., v7.30.1] require laravel/framework ^7.29 -> satisfiable by laravel/framework[v7.29.0, ..., v7.30.6].
- laravel/laravel[v7.25.0, ..., v7.28.0] require laravel/framework ^7.24 -> satisfiable by laravel/framework[v7.24.0, ..., v7.30.6].
- laravel/laravel[v7.0.0, ..., v7.12.0] require laravel/framework ^7.0 -> satisfiable by laravel/framework[v7.0.0, ..., v7.30.6].
- laravel/framework[v7.0.0, ..., v7.30.6] require psr/simple-cache ^1.0 -> found psr/simple-cache[1.0.0, 1.0.1] but it conflicts with your root composer.json require (^3.0.0).
- Root composer.json requires laravel/laravel ^7.0 -> satisfiable by laravel/laravel[v7.0.0, ..., v7.30.1].