Cardano’s Chang hard fork ‘all going as planned’ – What about ADA?
As the Cardano hard fork is fast approaching, analysts have analyzed the impact on ADA’s price and what it could spell for the blockchain.
• Cardano’s upcoming Chang hard fork could redefine blockchain governance and boost ADA’s value.
• Despite recent price declines, ADA’s active addresses were increasing, signaling potential recovery.
Cardano [ADA] was trading at $0.3586 at press time, reflecting a 6.8% decrease over the past week and a further decline of 0.3% in the last 24 hours.
As ADA struggles with these continuous price drops, the crypto community is closely monitoring upcoming developments that could potentially shift the narrative for this blockchain project.
Renowned crypto analyst Dan Gambardello recently shared his perspective on Cardano’s future in a post on X (formerly Twitter), highlighting that the Cardano Chang hard fork, scheduled for the 1st of September, could mark a turning point.
Will the Chang Hard Fork be a game changer?
Gambardello emphasized that this upgrade is more than just a technical enhancement; it represented a “fundamental shift” in blockchain governance.
He pointed out that the hard fork will place over $600 million worth of ADA entirely in the hands of its community, a figure that could rapidly increase to $5 billion or even $10 billion depending on ADA’s price movements.
The analyst noted,
“With such a governance model, Cardano could very well redefine what it means to be a leading blockchain, potentially attracting more developers, users, and investors.”
Further stressing the impact on the blockchain, Gambardello stressed that this shift is not only about technological improvements like faster transactions or lower fees.
Instead, it is about “empowering true decentralization” and establishing a global financial operating system that works for everyone in a secure, scalable, and decentralized manner.
