Charles has made a big move!
ADA is the native token of the Cardano blockchain and is currently one of the top ten cryptocurrencies. Since reaching a peak of $1.3264 in December, it has been consolidating in a narrow range of $0.87 to $1 over the past seven days. If ADA breaks through this narrow range, it could be one of the cryptocurrencies that may see significant gains in the coming days.
The CEO of the Cardano project has stated that it will take four years to give Cardano a comprehensive upgrade, and now everyone is wondering if ADA is about to soar?
Currently, ADA's total market capitalization is over $39.159 billion, but its price remains relatively stable, while Charles's recent move seems to have dropped a bomb on the market, exciting everyone.
The draft constitution for Cardano has been approved by the Constitutional Committee and will be voted on in January 2025 by about 800 decentralized representatives (DReps). The first step in this four-year plan is to reform the governance system, aiming to hold a constitutional convention inviting representatives from over 50 countries to discuss the future of Cardano together. This makes Cardano appear particularly international and shows that it values everyone's opinions.
In the future, on-chain voting, annual budgets, and dedicated committees will be determined by the community, achieving true decentralization. #加密市场反弹