Cardano is preparing for the Chang hard fork, a significant upgrade marking the final stage of its Voltaire era. Historical performance suggests that ADA’s price may rally significantly, as observed with previous major upgrades.
Points
- Cardano’s Chang hard fork marks the transition to community governance.
- Historical data shows significant ADA price increases before major upgrades.
- Cardano Foundation launched a tracking page to monitor readiness.
- ADA’s price could see a substantial rally leading up to the hard fork.
The Chang hard fork represents a transformative step into the Voltaire era for Cardano, marking the final stage of its roadmap to create a fully decentralized blockchain ecosystem. Once the switch is complete, Cardano will no longer be actively managed by Cardano development firm Input Output Global （IOG） but will instead be wholly run by community members.
Historical Surge Hints at ADA Potential Rally
As Cardano prepares for the Chang hard fork, historical performance hints at the potential for a significant rally in ADA’s price. According to IntoTheBlock, Cardano’s native cryptocurrency, ADA, saw a significant spike in the run-up to its last major upgrade in 2021. Within a month, ADA’s price increased by 130%, from $1.35 to $3.10. This historical performance has raised expectations that the upcoming Chang hard fork could similarly catalyze a significant price rally for ADA.
Cardano is preparing for the Chang Hard Fork, set to occur by the end of July.It’s worth noting that before its previous hard fork in 2021, $ADA surged 130%, from $1.35 to $3.10 in just a month. pic.twitter.com/E8zTEgZM6k
https://twitter.com/intotheblock/status/1809588621315289146
At the time of writing, ADA was down 0.6% in the last 24 hours to $0.356, per CoinMarketCap data.
Cardano Foundation’s Tracking Initiative
In preparation for the hard fork, the Cardano Foundation launched a tracking page in collaboration with Cardanoscan to monitor the readiness for one of Cardano’s major upgrades in history. The significance of the Chang hard fork lies in its role in the bootstrapping of the Cardano governance model, introducing minimum-viable community-run governance.
解説
- The Chang hard fork is a critical upgrade for Cardano, transitioning to full community governance.
- Historical price trends suggest a significant rally in ADA leading up to the hard fork.
- Monitoring the Cardano Foundation’s tracking page can provide insights into the upgrade’s progress.
- The successful implementation of the Chang hard fork could enhance Cardano’s credibility and market position.
- Investors should watch ADA’s price closely, as the hard fork may present substantial investment opportunities.