Cardano’s ecosystem is changing dramatically as it gears up for the Chang Hard Fork Update. Chang Hard Fork Update is all set to herald a new era of ADA for its users. The update will bring essentials to the system, such as governance. work with.
Charles Hoskinson, ADA’s founder, shared details about the upcoming Chang Fork Upgrade. He also added that the ADA network is 70% ready for the newest development. How will this fork upgrade affect the price of ADA in the future? We’ll find out.
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Hoskinson shares his views on governance for ADA
Charles Hoskinson shared a recent update about the upcoming Chang Hard Fork on ADA. Hoskinson said that Cardano node’s 9.0 milestone will occur in June. According to the ADA head, the development means that 70% of the network is ready to accept the new node. The fork then will be used to move Cardano to the Voltaire era.
“It looks like June will be the month that Cardano Node will reach 9.0. This means that Cardano is Chang fork-ready and waiting for 70 percent of the SPOs to install the new node. Then, a hard fork can occur, pushing Cardano into the Age of Voltaire.”
The ADA Chief went on to elaborate the significance of the Chang Hard Fork Upgrade. This update brings governance functionality to Cardano. It will include features such as budgets and treasury, for an open eco-system alignment.
“It’s the most significant milestone in the history of Cardano and for the industry as a whole. Cardano will be a decentralized civilization spanning the entire world with millions of residents. We’ll have the most advanced blockchain governance system, annual budgets, a treasury, and the wisdom of our entire community to guide us.”
The following are some alternatives to the word “Advantage” Chang ADA Community is expecting to see notable changes documented within the ADA Ecosystem. Cardano is expected to reach a peak of $1 in the near future. However, there are many other price levels that Cardano could hit.
Cardano price threshold for Chang Fork update is $5.50 according to analysts
Chris O, a well-known crypto analyst, has revealed a new prediction of ADA’s price after the Chang Hard Fork. Chris believes that ADA will easily surpass the $5.50 mark, if it gains enough support from ADA supporters.
“My short-term $ADA price prediction (just for fun, NFA) By Chang HFE #1: $1.25. By Chang HFE #2: $5.50. Feel pretty confident in this.”
Lucid is another crypto analyst who took to X and shared a prediction about ADA. He went a step further and predicted ADA’s price to peak at $10 following the deployment of its fork. The prediction sent shivers through the ADA Community.
“Cardano has a 1.5B $ADA Treasury!🏆With Chang coming to Cardano on July 17th, 2024, everyone must learn about SanchoNet and Intersect! These are our tools for governance on Cardano and how we use the billion-dollar ADA Treasury! 🏋️♂️Marketing 🔥.Scaling 🔥. $10 $ADA 🥇”
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Source: watcher.guru