ADA’s price has dropped as Cardano (ADA), the community, awaits its upcoming hard-fork. Altcoins have struggled to maintain their position in the top 10. Cardano, with its market capitalization of $13,36 billion, is the 11th biggest cryptocurrency. Tron (TRX), and Toncoin(TON), have now taken control of this asset. The price of this native currency fell by 2.4% in the last 24 hours. The asset’s price was $0.3719 at the time of publication, a low daily value for ADA.
You may also like: ASEAN: Singapore Dollar Strengthens Against USD: What’s Happening?
According to data from Coinbase, the crypto currency will continue with its current concept throughout the coming week. According to data collected by ChangellyADA is expected to experience slight declines in the days ahead and will dip down to $0.360933. But the week will be different as the altcoin is expected to drop down to $0.355540. Cardano’s August will be bittersweet. Community members must bet on the month of September 2024.
You may also like: Crypto Legalization: Russia’s Central Bank Leads the Way for Investors
What is the Chang Hard Fork and how can it change Cardano’s game?
Cardano anticipates the Chang hard-fork, which will take place on September 1. As part of the event, blockchain awaits a new age of decentralized governance. Treasury Community will govern the changeover. The size of the Treasury community at present is estimated to be around 1.5 billion ADA, or about $900,000,000.
This update also marks the beginning of a brand new period for the network, known as Voltaire. Holders of ADA can directly influence the decisions which will determine its future. Although the hard-fork has not yet occurred, community members hope that it will increase the price of cryptocurrency.
You may also like: VeChain: Should You Buy VET Now & Enjoy Profits in September?
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru