Cardano (ADA) is gearing up for a major boost in this bull season as the token prepares for its Chang Hard Fork Upgrade. The upgrade is set to bring a host of scalability benefits to the token, along with new governance options for the ADA community to explore.
Once the upgrade is implemented into the ADA ecosystem, Cardano’s price is expected to rise, potentially exceeding $0.40. The crypto community is eagerly anticipating the token to surpass the $1 mark, which has been long awaited.
The Chang Hard Fork Upgrade is a significant development for ADA’s ecosystem. It will introduce governance options for the community, enabling democratic voting mechanisms.
The upgrade will also bring about a “bootstrapping update,” introducing features related to on-chain governance. This includes decentralized voting, governance actions, and more.
With the fork set to be deployed in Q2 2024, predictions suggest that the price of ADA will skyrocket past its usual thresholds. CoinCodex forecasts a 4% surge in May, with ADA trading at around $0.44.
Looking ahead, CoinCodex predicts a potential 200% spike by the end of 2024, with ADA reaching $1.75. Additionally, Coinpedia forecasts ADA to surge to $2 by the end of 2024, presenting a buying opportunity for investors.
Overall, Cardano’s upcoming Chang Hard Fork Upgrade is poised to bring significant advancements to the token’s ecosystem, potentially leading to a surge in its price as the date of the fork draws closer.