Kelvin Testimony Amachree
Cardano’s ADA has struggled to break past its current trading value of $0.43 despite efforts to expand its ecosystem. The upcoming Chang Hard Fork upgrade in July 2024 is anticipated to boost ADA’s price to new highs, with predictions suggesting it could hit $1.17 in 2024 and $1.43 in 2025.
The upgrade will enable ADA holders to shape the network’s future and enhance tokenization and interoperability with other blockchains. These developments position ADA to make a significant impact in the cryptocurrency market.
ADA’s Potential Rise to $2
The Chang Hard Fork is expected to have a significant impact on ADA’s price, with predictions indicating a rise to $2 by August 2024. The upgrade is anticipated to drive investor interest and demand significantly.
Cardano’s founder, Charles Hoskinson, envisions the Chang Fork integration transforming the ADA ecosystem into a decentralized civilization with advanced governance. This upgrade will introduce a treasury, budgets, and improved decision-making processes, making Cardano more appealing for investors.
The upgrade is set to happen once 70% of SPOs install the new node, marking the beginning of the Age of Voltaire. Investors are eagerly anticipating the potential price surge that could propel ADA to new heights.
Cardano’s June Forecast
CoinCodex predicts a slight increase in ADA’s price to $0.45 by the end of June 2024. Despite current bearish sentiments, the upcoming Chang Hard Fork might trigger significant price movements, offering promising returns for investors.
Cardano’s price has shown 40% green days in its history and 3.38% price volatility over the last 30 days, indicating a potential shift in price momentum. As the Chang Hard Fork nears, ADA could experience substantial price movements, leading to attractive market returns.