Cardano ADA, one of the leading cryptocurrencies in the space, is yet to embrace the bull cycle rush. Crypto has adopted a rather lethargic pace, moving at a gradual pace among its contemporaries. However, that might not be the case for long, as several crypto analysts are hoping for ADA to project its true colors soon.
Cardano is set to enter the Voltaire era soon, which ushers in new scalability and performance functionalities for ADA. The new deployments are set to take place in Q2 2024, anticipations of which have already started to buzz through the space. The network will also be deploying the Chang Fork, which will play an elemental role in boosting Cardano’s performance to new levels. Will the new changes help the price of ADA reach new milestones?
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Chang Fork Set To Help ADA Bolster It’s Network and Price
The talks concerning Cardano’s entry into the Voltaire era have already started to gain momentum. Leading crypto analyst Dan Gambardello took to X to share how the new Voltaire era, coupled with the Changing Fork deployment, will help the Cardano ecosystem prosper in the future.
He shared how Cardano’s chang fork deployment will address its scalability and performance issues, which will further strengthen its system and price.
“Cardano Chang hard fork and the Voltaire era is approaching! Cardano is about to have complete on-chain community governance with a massive Treasury! This is on top of what is already the most secure and decentralized blue-chip crypto. Scalability and performance are also expected.”
Amid the latest buzz, several other analysts are also hoping that the new network developments will help Cardano breach new price records. Another notable crypto analyst, Sebastian or Sssebi, shared a poll on X, asking his audience whether they think Cardano will soon be counted among the top 5 leading blockchain networks.
Dubbed a transformative deployment for Cardano, the Chang Fork is set to kickstart ADA’s Voltaire era, which comes with its own set of functionalities. The ecosystem post-fork deployment will assist ADA in addressing transaction delays and speed anomalies, improve security protocols, and usher in a community-driven aspect for ADA to gain prominence within the public domain.
Several crypto analytics platforms predict ADA to breach the $3 mark by the end of 2026. However, if community and market momentum support Cardano, the token can cover technical milestones sooner than the projected timelines. Chang Fork and the Voltaire Era may play a crucial role in spearheading the price ascent process.
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ADA Price Analysis for April
Despite the noteworthy Chang Fork buzz, ADA is yet to respond positively to the bullish cycle phase of the market. According to CoinCodex, ADA may shed an additional 5% by April 24, trading at $0.42 for a few days ahead.
“Based on these projections, ADA will be changing hands at $0.423501 on April 23, 2024, losing -5.88% in the process.”
The token may gain traction after April 24, as Coincodex predicts it to trade at $0.47 by May 13.
“The price of Cardano may rise by 4.46% and reach $0.470026 by May 16, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 65 (greed). Cardano recorded 15/30 (50%) green days with 8.96% price volatility over the last 30 days.”