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Cardano’s Poised For Uptrend as it Surges 1.06% in 24 Hours; Upcoming Chang Hard Fork Sparks Optimism

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Cardano Sees Massive Whale Inflows Amidst Market Fluctuations

Cardano (ADA) has recently struggled to recover from its bearish downturn. However, a late, slight surprise could trigger a turnaround as it sets sight on setting new highs. Over the past 24 hours, the cryptocurrency has surged by 1.06%, trading at $0.3729. This latest spike raises the hope of ADA investors, who have witnessed a 10.90% price decline in the last 7 days, underperforming the broader cryptocurrency market’s 8.40% dip.

Source: ADA 24-hour Chart (CMC)

The trading volume of Cardano (ADA) has also taken a hit, decreasing by 35.32% in the last 24 hours to $309,607,099. This decline in market activity suggests that investor interest in the altcoin has waned, potentially exacerbating the ongoing price pressure.

Related article: Price Analysis: 1.51% Price Dip for JasmyCoin in 24 Hours Sparks Concerns, but Long-Term Potential Remains

Upcoming Chang Hard Fork Offers Glimmer of Hope

However, Cardano enthusiasts still have hope as Cody Buffinton, host of the Altcoin Buzz Crypto YouTube channel, believes the upcoming Chang hard fork could ignite a massive 130% price surge this month. Buffinton points out that ADA experienced a similar price jump before its previous hard fork in 2021, increasing by 130% from $1.35 to $3.10. This historic trend suggests that the upcoming Chang Hard Fork could similarly impact the cryptocurrency’s price.

Chang Hard Fork to Usher in Voltaire Era

The Chang Hard Fork, scheduled for this month, will mark a significant milestone in Cardano’s development roadmap, ushering in the Voltaire era. This era will introduce a voting and treasury system, empowering network participants to shape the network’s future through their stake and voting rights. This upgrade could become one of the largest in Cardano’s history, potentially driving renewed interest and investment in the project.

Cardano Advances Toward Chang Upgrade with Node 9.0.0 Release

Cardano is advancing toward its highly anticipated Chang upgrade, marked by the recent release of Cardano Node 9.0.0. Romain Pellerin, CTO at Input Output Global (IOG), hails this milestone as a “big deal” and a “foundational moment”, signalling the network’s readiness for the Chang upgrade. The Chang upgrade is expected by the end of July, further solidifying Cardano’s position as a leading blockchain platform.

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