$ADA has experienced a 2.3% price increase over the past 24 hours, bringing it to approximately $0.408. This boost in value comes just days before the Cardano Chang hard fork, heightening anticipation among the community and investors. The hard fork aims to increase decentralization and unlock 1.5 billion ADA tokens, which will only be accessible through a DAO proposal system and voting.

According to Coinalyze data, ADA's open interest (OI) has grown by 3.6% over the past 24 hours. Notably, 70% of investors have taken long positions while 30% have gone short, reflecting a growing optimism for the cryptocurrency. Additionally, the proportion of ADA holders who are in profit has increased from 25% to 33%.

This significant movement in ADA's price and trading behavior indicates a positive outlook among investors as the Cardano Chang hard fork approaches. $ADA #cardano