Analyst Bullish on Cardano: Chang Hard Fork to Trigger Price Explosion
- Cardano’s Chang Hard Fork could trigger a 130% ADA price surge.
- The upgrade introduces a voting and treasury system for increased decentralization.
- Cardano founder calls the hard fork the most significant milestone in the network’s history.
Cardano (ADA) has been struggling to recover from its recent bearish downturn, with its price continuing to set new lows. However, Cody Buffinton, host of the Altcoin Buzz Crypto YouTube channel, believes the upcoming Chang hard fork could ignite a massive 130% price surge this month.
Buffinton points out that ADA experienced a similar price jump before its previous hard fork in 2021, increasing by 130% from $1.35 to $3.10. This historic trend suggests that the upcoming Chang Hard Fork could have a similar impact on the cryptocurrency’s price.
The Chang Hard Fork, scheduled for this month, will mark a significant milestone in Cardano’s development roadmap, ushering in the Voltaire era. This era will introduce a voting and treasury system, empowering network participants to shape the network’s future through their stake and voting rights.
With the Cardano team aiming to achieve true decentralization, the Voltaire era will introduce a new feature that allows network participants to submit proposals for improving the network. Stakeholders can then vote on these proposals through the existing staking process.
Cardano founder Charles Hoskinson has hailed the Chang Hard Fork as the most significant milestone in the network’s history. With the Chang Hard Fork on the horizon, analyst Buffinton believes that this upgrade could be the spark that sets off a price surge, suggesting that now may be the perfect time to buy Cardano.
As at press time, ADA trades at $0.372, reflecting a 6.10% uptick in the last 24 hours. If history repeats itself, Cardano’s price surging by 130% from its current value could potentially reach around $0.8556. Notably, this price level would mark a new yearly high for ADA, surpassing the $0.807 in early March.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Grayscale Trust outflows could weigh on ether price after today's ETF launch, analyst says
The Grayscale Ethereum Trust exchange-traded fund conversion removes discounts and lock-in periods, which could prompt investors to sell their shares for cheaper ETFs from issuers like BlackRock and Fidelity, an analyst said.Outflows from the converted Grayscale’s Ethereum Trust could weigh on the price of ether in the initial period after the launch of ETF trading, the analyst added.
Demand for AI talent in Ireland soars 142% in six months – Accenture
Share link:In this post: A new report shows an exponential rise in demand for AI workers in Ireland over the last 6 months. The report indicates a similar trend in the demand for AI workers worldwide. Companies are increasingly looking to AI to boost operational efficiency.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with
