Cardano achieves a major milestone with 94 million transactions, showcasing significant network growth and strong community engagement. This article delves into recent developments and upcoming upgrades that continue to strengthen the Cardano ecosystem.
Points
- Cardano surpasses 94 million transactions.
- Upcoming Chang upgrade in the Voltaire phase.
- New releases from the Lace team and node updates.
- Increased ADA inflows and price trends.
Cardano （ADA） has reached an impressive milestone, surpassing 94 million transactions, reflecting the network’s rapid growth and robust activity. This achievement highlights Cardano’s expanding user base and the increasing adoption of its blockchain technology.
Recent Developments
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Preparations for the Chang Upgrade
The focus is now on the upcoming Chang upgrade, the first hard fork during Cardano’s Voltaire phase. Extensive testing is underway to ensure a smooth transition to the Conway era. The Lace team is preparing for the release of Lace v.1.14, expected within weeks. Additionally, the release of Cardano node v.9.0.0 comes with an alert for node users to upgrade, aiming for 75% of SPOs to adopt cardano-node 9.1.0 to trigger the hard fork event.
Price Trends and Technical Indicators
Cardano’s price action shows bullish potential. If ADA surpasses the $0.45 resistance level, it is likely to test the $0.50 mark. Technical indicators such as the Relative Strength Index （RSI） and Chaikin Money Flow （CMF） suggest strong market momentum. The RSI shows rising momentum, while the CMF indicates significant money inflow, supporting the bullish outlook.
解説
- Cardano’s Growth: The milestone of 94 million transactions signifies Cardano’s growing adoption and network usage. This metric is crucial as it reflects the blockchain’s utility and user engagement.
- Chang Upgrade: The Chang upgrade is a critical step in Cardano’s roadmap, focusing on decentralization and governance improvements. The extensive testing ensures that the upgrade will enhance the network’s performance and security.
- Technical Indicators: Understanding RSI and CMF helps in assessing the market sentiment. RSI measures the speed and change of price movements, while CMF indicates buying and selling pressure by analyzing volume and price changes.