Amid Cardano’s “Awakening,” Where Is ADA Headed This June End?

Juhi Mirza

Cardano (ADA) is gearing up to undergo a massive infrastructural change. This change is set to usher in a new age of Cardano, quite literally, bringing in the novel Voltaire era. With the Chang Hard Fork upgrade in the mix, the network will introduce governance options. Such developments prompted ADA founder Charles Hoskinson, to comment on how ADA is “awakening.” But statistically how far along ADA truly is?

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Cardano Major Developments

Cardano ADA
Source – R7

According to CoinMarketCap, Cardano is currently at $0.38, up 2% in the last 24 hours. The month of June was quite average for the token’s price path as no major price action was recorded in the current month. However, with the news of the Chang Fork upgrade being scheduled, ADA has been noting a frenzy of new network activities.

The Chang Hard Fork upgrade, which is scheduled for this quarter, is set to bring governance options to ADA. These options will help its community members avail access to a dedicated ADA treasury. The development will also play a crucial role in bringing elements of voting and governance into the system, making ADA a true people’s chain.

Cardano June End Prediction

According to CoinCodex, ADA may continue to show a little resistance before it breaks into a bullish streak. Per CC, ADA may spike by a modest 6% by June end to trade at a price threshold of $0.40.

“According to our current Cardano price prediction, the price of Cardano is predicted to rise by 6.33% and reach $ 0.402341 by July 25, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 30 (Fear). Cardano recorded 12/30 (40%) green days with 7.00% price volatility over the last 30 days.”

The deployment of the Chang Hard Fork upgrade is crucial for Cardano. The integration of the new update may usher in new price highs for ADA, which could help the token scale new price highs shortly.

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