Cardano has finally completed its much-anticipated Chang hard fork upgrade. The upgrade has ushered in on-chain governance for ADA, including features like voting and bolstered community support.
The upgrade was said to be a catalyst for igniting ADA’s price increase. Will Cardano surge and spike to new price levels this weekend? Let’s find out.
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Cardano Completes Chang Hard Fork
Cardano has successfully deployed; it’s one of the most anticipated Chang Hard fork upgrades. The update has brought in new core features for Cardano, including facilities like on-chain governance.
The update will strengthen community support and allow ADA enthusiasts to vote on crucial matters related to the ADA ecosystem.
This upgrade was set to play a pivotal role in bolstering ADA’s price. Cardano has long been consolidating at lower price levels, unable to break past the $0.50 price barrier. At press time, the token was down 5% in the last 24 hours, sitting at $0.31.
In the middle of it, Charles Hoskinson, founder of Cardano, has come up with new opinions and comments. Hoskinson recently criticised Bitcoin, stating that the token lacks innovation-centric properties.
Despite the ongoing developments, ADA has failed to cross crucial price barriers, which is a cause of concern for its investors.
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The Token’s Price Analysis For The Weekend
According to CoinCodex, ADA may shed some of its valuations by September 7. The token may trade at a lower price level of $0.311 after surging to $0.316 on September 5.
For September, ADA can spike a modest 16% to sit at a new price level of $0.36.
“According to our current Cardano price prediction, the price of Cardano is predicted to rise by 16.11% and reach $0.367826 by October 4, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 27 (fear). Cardano recorded 15/30 (50%) green days with 5.47% price volatility over the last 30 days.”
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