The native token of the Layer 1 Cardano blockchain, ADA, has experienced a significant drop of more than 17% in its value, currently trading at $0.3267. Charles Hoskinson, the founder of Cardano, announced that the Chang hard fork is in its final stages, indicating a positive outlook for ADA's price. According to a recent update by Hoskinson on platform X, a fork-ready node is now available for stake pool operators to test and update. The completion of this process is estimated to take approximately one month. As Cardano developers await the participation of 70% of the stake pool operators, expectations are high for a notable increase in ADA's price with the upcoming Chang hard fork. Dan Gambardello, a prominent Cardano supporter, highlighted the potential bullish breakout of ADA's price in response to the imminent hard fork development. An analysis by Gambardello suggests that ADA's price action is poised for a positive momentum shift, indicating a potential surge in value. The article 'Is Cardano Ready to Break Free? Chang Hardfork Aims for Governance, Security, and Maybe Fireworks!' explores the anticipation surrounding the upcoming Chang hard fork and its implications for Cardano's governance and security. The analysis underscores the significance of the hard fork in potentially driving ADA's value upwards. This strategic development in the Cardano ecosystem aligns with the platform's commitment to enhancing governance mechanisms and security protocols, positioning ADA for possible market fireworks.
Significant Potential Rise in ADA Price with Chang Hard Fork

by Giorgi Kostiuk
2 years ago

Other news
K Bank Partners with Ripple for Blockchain Remittance Testing

K Bank has entered a strategic partnership with Ripple to explore blockchain-based overseas remittances.

Market Expert Analyzes XRP's Potential Rally

Market expert Sam Daodu analyzes the critical factors for XRP's potential rally towards $10, emphasizing the need for regulatory clarity and institutional investment.

Divergence Between SP500 and Crypto Market Raises Concerns

The report by Will Taylor from The Weekly Insight notes a significant breakdown in correlation between the SP500 and total crypto market capitalization over the last 161 days, raising concerns about potential market shifts.

Ethereum Surpasses 2,300 Amid Record Active Addresses

Ethereum's price has climbed back above 2,300, with a notable increase in active addresses reaching an all-time high.

Rising Channel Pattern Emerges for Bitcoin

A key Rising Channel pattern has formed on the Bitcoin 4-hour chart, indicating a potential uptrend.

Reflecting on 15 Years of Bitcoin Since Satoshi Nakamoto's Introduction

Reflecting on the legacy of Bitcoin's creator, Satoshi Nakamoto, as the 15th anniversary approaches, highlighting the importance of his untouchable holdings and the need to carry forward his vision within the community.

Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter