Cardano (ADA) is seeing resurging trading volume and user activity following the recent Chang update. After a few days of lackluster price action, investors wonder if this is finally a precursor to possible bullish price movement on the altcoin.

The heightened attention on Cardano (ADA) coincides with the striking appeal of ETFSwap (ETFS), the new presale project poised for growth and has drawn comparisons with other promising coins. 

Cardano (ADA) See Increasing Active Users Following Chang Upgrade

While the Chang update marks a remarkable milestone for the Cardano (ADA) network, it has not given much life to the $3 price projections. However, Santiment reported an increase in daily active addresses on the Cardano (ADA) network, with active wallets reaching 39,451, the highest since March 2023. This suggests that the Chang update could be behind the shifting trend in user activity on the network.

The Chang update went live on Cardano (ADA) on September 1, and ADA holders looked to open the month on a stronger foot. However, Cardano (ADA) has faced repressed price action, the same as the rest of the crypto market. As of this writing, Cardano (ADA) is trading at $0.3443, showing a pretty flat trend in the weekly and monthly timeframes.

The Chang update prepares the Cardano (ADA) network for a truly decentralized governance system managed via proposals and votes. The Chang update will be in two phases; the first phase involves establishing an Interim Constitutional Committee (ICC) with limited authority. 

The second phase, expected to take effect 90 days later, will involve a transition into a fully decentralized governance system, including a Constitutional Committee, Delegate Representatives, and Stake Pool Operatives (SPOs).

The increased activity on Cardano (ADA) has raised optimism for a price run to $3 as the phase 2 update is on the horizon. However, the crypto market always presents opportunities for gains.

ETFSwap (ETFS) Sets The Stage For A Massive Price Run 

ETFSwap (ETFS) has emerged with huge prospects amid the recent market turbulence. The new Ethereum-based platform aims to offer decentralized access to ETF assets via tokenized ETFs. ETF assets from several industries, including healthcare, engineering, energy, and many more, will be available on-chain in tokenized versions.

The tokenized versions will be backed by true securities purchased from traditional markets and managed by regulated investment banks trading in the securities and crypto markets. Tokenization and real-world assets have become the leading narrative toward the next bull run, and smart investors continue to invest in projects that offer that exposure.

ETFSwap (ETFS) is a real-world assets platform with a unique solution that was previously non-existent in the market. As such, early investors will look to capitalize on the first-mover advantages of this new ETF trading platform. The traction has been particularly massive recently following the announcement of a beta launch in the coming weeks.

This beta launch will offer early access to investors who would like to test out the impressive decentralized features. One major feature of ETFSwap (ETFS) is its appeal to ETF traders who are already familiar with the market from centralized platforms and want to test out the available on-chain features.

Additionally, the ETF Screener and ETF Tracker are two AI-powered tools to watch out for, operating as algorithms to assist trading decisions. These tools will provide recommendations based on continuous analysis of big data consisting of ETF market trends, sentiments, pattern recognition, and historical data.

As the presale continues to raise millions, the ETFSwap (ETFS) team has passed KYC verification by SolidProof, assuring investors of added safety and identification of each team member on the project.

Conclusion

Cardano (ADA) seemed to have roused from slumber following the recent spike in DeFi activity. Experts believe that the Chang update will prove to be a catalyst for ADA, but ETFSwap (ETFS) has presented an immediate massive opportunity since its presale started.

The final stage of the ETFSwap (ETFS) recently began, and you can get in at $0.03846. This will be the final opportunity to buy cheap ahead of the projected 50,000% price move.

For more information about the ETFS Presale:Visit ETFSwap PresaleJoin The ETFSwap Community

The post Cardano Rouses From Slumber After Chang Update, Can This Send Price To $3? appeared first on CoinChapter.