Cardano’s Latest Release Sets Stage for On-Chain Governance – ADA Price to $0,75?

• Cardano has announced the release of node 9.0.0 as it prepares itself for a major upgrade with the implementation of on-chain governance.
• The upcoming Chang hard fork and CIP-1694 update pave the way for ADA holders who will be able to vote and decide on beneficial topics and features of the Cardano ecosystem.

In a recent development, Cardano, eminent for its scientific and systematic approach, announced the release of node version 9.0.0. This significant milestone is worthwhile as it will pave the way for the Conway ledger era and introduce CIP-1694 as it sets the stage for decentralized decision-making.

 Governance in particular, its taken about 2 years to get all the pieces of sub-1694 together, and it’s really an amazing thing to see that node 9.0.0 is nearly out. 

It’s worth noting that the Chang hard fork represents a crucial transition into the Voltaire era for Cardano, marking the final phase of its roadmap.

The anticipation surrounding the Chang hard fork and the subsequent implementation of CIP-1694 has already ignited a surge in ADA’s price. As earlier reported on CNF, historical patterns indicate that hard forks have often been associated with significant price surges for Cardano. For instance, the Mary hard fork and Alonzo hard forks saw ADA’s price soar to new all-time highs.

If Cardano keeps to its promises of implementing its promise of self-governance, ADA could potentially tread its way toward the $0.75 mark.

As Cardano embarks on its journey towards full decentralization, it is wise to remain cautious as the broader crypto market remains volatile. It is worth remaining wary as overall market trends and regulatory changes can highly influence ADA’s price trajectory.

The upcoming months will be pivotal as the platform undergoes significant upgrades with the Chang hard fork and the implementation of CIP-1694. These significant developments in the Cardano ecosystem hold the potential to change ADA’s overall price trajectory and cement its position as a leading force in the crypto market.