Cardano continues to be a cryptocurrency that is viewed with bullish expectation by crypto analysts. Crypto analyst @Av_Sebastian, who is on X, formerly Twitter, believes the Cardano price Chang upgrade As the cause for this.
Cardano will soon reach $2
A crypto analyst stated in a tweet on X (previously Twitter) that they expect the Cardano to rise more than 300%. Sebastian said that this was due to the excitement generated by the Cardano Hard Fork.
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The analyst mentions that previous Cardano updates have led to a rise in the ADA value. The most notable example. the ADA price A network rallying against a group upgrade The Alonzo Hard Fork 2021 is a hot topic.
Alonzo was an important hard fork because it brought smart contracts to the network. The Cardano Network would be the first to host the emerging decentralized finance sector (DeFi), bringing in a whole new group of users.
The months before the Alonzo Hard Fork. the ADA price The price of bitcoin rose from $0.2 up to $3.1, a 30x increase in a single year. Sebastian predicts that the ADA price Could put on an event similar to this.
Sebastian claims that the Chang upgradeThis will be mainly driven by. In August, he estimates that ADA is likely to increase 370% and reach $2.
The Cardano network will get the new node in June. upgrade In August, all nodes will be upgraded and Chang will be available.
Prior to all important forks $ADA price went nuts.
A $2 $ADA It is likely that August will be a hot month!— Sssebi🦁 (@Av_Sebastian) June 10, 2024
Chang Upgrade Gains Ground
It is important to note that the word “you” means “you”. Cardano Chang upgrade Investors are already looking positively at it. It is gaining ground as investors are looking positively toward it. upgrade It is anticipated that the new system will give network users a greater degree of control. Some of the biggest changes to be expected in the upgrade The new system will include a treasury budget, an annual budget, and better support.
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Charles Hoskinson, the founder of Cardano, has commented as well. upgradeADA, which is a significant change. The upgrade Cardano 9.0 will upgrade all Cardanos. The minimum requirement is that 70% of the node operators upgrade to version 9.0. upgrade to the new version Before you begin, please read the following: upgrade Can occur Currently, there is no network. upgrade It is anticipated that this will happen in August 2024.
This is what we know so far the ADA price The upcoming elections has been met with little reaction. upgrade. Altcoins continue to fall, and the current price is $0.4254. This represents a decline of 7.78% in the past seven days.
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