Will the Chang Hard Fork lead to a surge in the price of Cardano (ADA) by over 100%? The blockchain is preparing for a significant update to its ecosystem with the upcoming Chang hard fork, which is set to introduce the “Era of Voltaire” to the network. This hard fork aims to implement Voltaire, a new and advanced blockchain governance system, as stated by Cardano founder Charles Hoskinson. With this important development, the Chang Hard Fork has the potential to drive the price of Cardano’s cryptocurrency to new heights, according to a survey shared by analysis platform IntoTheBlock.
The data from the survey reveals that prior to the previous hard fork in 2021, the price of ADA experienced a remarkable 130% increase in just one month, going from $1.35 to $3.10. This indicates that the upcoming Chang Hard Fork could lead to a similar price surge. In fact, the analysis notes that Cardano is preparing for the Chang Hard Fork, which occurred at the end of July, and highlights the previous 130% price increase of ADA before its last hard fork.
If the price of Cardano experiences such a significant boost, it could reach a new all-time high. During the price surge in 2021, ADA achieved its highest price of $3.09 on September 2, 2021. However, it’s important to note that the current price of Cardano is significantly lower, with a decrease of 88.14% compared to its historical peak.
As of the time of publication, the price of Cardano is quoted at $0.3655, showing a 2.4% increase in the last 24 hours. It’s important to remember that investing or trading cryptocurrencies carries a risk of financial loss, and the views expressed in this article are for informational purposes only and should not be considered as financial or investment advice.
In other news, Cardano is also preparing to update its MiCA compliance indicators, and Charles Hoskinson has raised concerns about censorship and AI training.