Cardano ADA, one of the industry’s leading cryptocurrencies, is yet to embrace the bull cycle rush. Crypto has adopted a rather lethargic pace, evolving at a gradual pace among its contemporaries. However, this might not be the case for long as several crypto analysts hope that ADA will project its true colors soon.
Cardano is poised to soon enter the Voltaire Era, which ushers in new scalability and performance features for ADA. The new deployments are expected to take place in the second quarter of 2024, and anticipations have already started circulating in the space. The network will also deploy Chang Fork, which will play a vital role in increasing Cardano’s performance to new levels. Will the new changes help ADA price reach new milestones?
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Chang Fork set to help ADA strengthen network and pricing
Discussions regarding Cardano entering the Voltaire era have already started to gain momentum. Leading crypto analyst Dan Gambardello spoke to
He explained how the rollout of Cardano’s chang fork will solve its scalability and performance issues, further strengthening its system and price.
“The Cardano Chang hard fork and the Voltaire era are approaching! Cardano is about to have full on-chain community governance with massive treasury! This is on top of what is already the most secure and decentralized top-tier cryptography. Scalability and performance are also expected.
Amid the latest buzz, several other analysts are also hopeful that new network developments will help Cardano break new price records. Another notable crypto analyst, Sebastian or Sssebi, shared a poll on X, asking his audience if they think Cardano will soon be among the top 5 blockchain networks.
Dubbed a transformative rollout for Cardano, the Chang Fork is poised to reignite the Voltaire era of ADA, which comes with its own set of features. The deployment of the ecosystem after the fork will help ADA resolve transaction delays and speed anomalies, improve security protocols, and usher in a community-driven aspect for ADA to gain prominence in the field audience.
Several crypto analysis platforms predict that ADA will cross the $3 mark by the end of 2026. However, if community and market dynamics support Cardano, the token may cross the technical milestones sooner than the expected deadlines. Chang Fork and the Voltaire era could play a crucial role in the process of rising prices.
Also read: Cardano (ADA) Price Prediction During Bitcoin Halving
ADA Price Analysis for April
Despite the remarkable buzz from Chang Fork, ADA is yet to respond positively to the bull cycle phase of the market. According to CoinCodex, ADA could lose another 5% by April 24, trading at $0.42 for a few days to come.
“Based on these projections, ADA will change hands at $0.423501 on April 23, 2024, losing -5.88%.
The token could gain momentum after April 24 as Coincodex predicts it will trade at $0.47 by May 13.
“Cardano price could increase by 4.46% and reach $0.470026 by May 16, 2024. According to our technical indicators, the current sentiment is bearish, while the Fear & Greed index shows 65 (greed) . Cardano has recorded 15/30 (50%) green days with a price volatility of 8.96% over the last 30 days.
reference: watcher.guru