💥💥💥 #cardano : ADA To Pump At $10, Analyst Predicts
Cardano, a prominent #cryptocurrency token, has yet to witness the bullish momentum sweeping through the market that many of its counterparts are currently enjoying. Despite its potential, ADA has remained range-bound between $0.40 and $0.47, prompting significant speculation about when its price might experience a substantial surge.
The ADA ecosystem eagerly anticipates the upcoming Chang Hard Fork update, which promises to introduce significant changes to Cardano's infrastructure and operations. As the hard fork deadline approaches rapidly, numerous crypto analysts are busy forecasting new price targets for ADA and pondering the token's future trajectory.
Chang Hard Fork Expected to Propel ADA to $10
- The slow growth of ADA's price has worried many in the crypto community. However, analysts anticipate a significant price surge post the Chang Hard Fork upgrade, expected to propel ADA's valuation to unprecedented levels.
- Currently priced at $0.46, ADA is considered to be trading at a relatively low threshold given its recent developments & milestones. According to insights from Lucid, a prominent crypto analyst, ADA could surge to as high as $10 post the Chang Hard Fork update, scheduled for Q2, 2024. Lucid emphasized Cardano's robust developer community & their commitment to expanding the ecosystem for better outcomes.
- "The strength of Cardano lies in its community of SPOs & builders, who are dedicated to securing our freedom through the platform. With the highest number of developers and a strong commitment, we believe in the potential of ADA. Chang!"
Understanding the Chang Hard Fork Upgrade
- The Chang Hard Fork Upgrade marks a pivotal moment for Cardano, emphasizing governance for true decentralization. It introduces key governance features outlined in SIP 1694, laying the foundation for #Decentralized voting & actions. The next phase will complete on-chain governance with delegated representation & Treasury withdrawals.
Source - Watcher Guru
