Cardano’s Awakening: Can ADA’s +4.13% Surge Continue Post-Chang Hard Fork?

Cardano (ADA) increased 4.13% on Friday, November 1, amid discussions about the upcoming Chang Phase 2 hard fork. Crypto users are discussing the upgrade and its potential effect on the Cardano blockchain.

ADA’s recent surge follows an upward price movement that began on October 25, after the crypto token bounced off support at $0.315. The cryptocurrency rallied over 15% to reach a $0.364 local high before pulling back. However, bullish momentum has returned to ADA as the Chang Phase 2 hard fork gains attention.

In the meantime, Cardano’s development company, EMURGO, said the second phase of the Chang hard fork will bring additional advancements to the network, building on the improvements made during the initial upgrade in September. EMURGO highlighted the updates Cardano users can expect.