Cardano (ADA) has shown strength by increasing 8% in the last 24 hours, reaching $0.3677 on Aug. 21. This surge has helped ADA recover losses from earlier in August, possibly due to a shift in investor sentiment towards the layer-1 token. The rise in ADA's price follows founder Charles Hoskinson's update on the blockchain's progress and the upcoming Chang hard fork. Hoskinson emphasized the significance of the Chang hard fork, scheduled for Aug. 27, as a pivotal moment in Cardano's history. The upgrade is expected to lead to the Voltaire era, marking the final step towards a fully decentralized blockchain ecosystem. Market data suggests a potential price rally for ADA ahead of the hard fork, with increased trading volume and positive market sentiment. Technical analysis also indicates a bullish trend, encouraging traders to consider buying opportunities. It is important to note that this article does not provide investment advice, and readers should conduct their own research before making any financial decisions. Read more AI-generated news on: https://app.chaingpt.org/news