Cardano

Momentum

Gains

<ul>
 <li>The upcoming Chang hard fork and the announcement of the CIP-1694 update which will mark the transition into the final Voltaire era, have led to Cardano’s significant price surges amidst stagnant market conditions.</li>
 <li>The Voltaire era will introduce crucial governance and treasury management functionalities, potentially driving ADA’s price surging.</li>
</ul>
In the teeth of stagnant market conditions, ADA, Cardano’s native token is currently showing signs of life with the token experiencing notable price surges. Cardano, led by Charles Hoskinson has become a precedent of technological developments. 
Cardano, best known for its scientific and methodical approach is on the verge of taking a major leap in its meticulously planned roadmap.&nbsp;
Cardano, which is fast approaching its final stage, Voltaire, is about to partake in what the prolific writer (Voltaire) advocated. Voltaire was a stern advocate of freedom of speech among others. 
This final stage sets the table for voting and treasury management functionality in the blockchain industry. This means that ADA holders have the freedom to vote on beneficial topics and features of the Cardano ecosystem.
Delving deep into the specifics of this major upgrade, as earlier reported, scheduled for late this month, Charles gave the green light saying” we are fork ready” meaning that Cardano was ready for the Chang Fork. This was before he announced that the network’s upgraded node 9.0 (which is a crucial factor for the Chang Fork) was ready to roll out. Charles Hoskinson <a href="https://www.youtube.com/watch?v=3Q5y9UUgEBU" target="_blank" rel="noopener noreferrer nofollow">stated </a>in a YouTube video:
<blockquote>
 &nbsp;Governance in particular, its taken about 2 years to get all the pieces of sub-1694 together, and its really an amazing thing to see that node 9.0.0 is nearly out.&nbsp;
</blockquote>
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.
This Fork will pave the way for two major upgrades, Chang Upgrade Number One and Chang Upgrade Number Two to follow.
Chang Upgrade Number One, outlined in SIP 1694, establishes the groundwork for decentralized voting and governance actions. The second upgrade completes the on-chain governance framework, enabling delegated representative participation and treasury withdrawals.
Subsequent to the the announcement of the SIP 1694 which is expected by the end of July, Charles highlighted that all elements of the aforementioned have been finalized marking a significant step towards governance and decentralization.&nbsp;
Following the news of the highly anticipated Chang fork, we examine historical patterns that have accompanied previous forks, marking the significant transition of eras within <a href="https://www.crypto-news-flash.com/cardano-advances-blockchain-innovation-with-cip25-metadata-validation-boosting-nfts-and-amms/" target="_blank" rel="noopener noreferrer nofollow">Cardano’s</a> roadmap and whether Cardano is poised to reach the $1 mark.&nbsp;
<h3 id="cardano-upgrade-to-usher-new-ath">Cardano Upgrade To Usher New ATH</h3>
As the community eagerly awaited the <a href="https://www.crypto-news-flash.com/cardano-iohk-launches-final-test-for-mary-hard-fork-goguen-on-good-track/" target="_blank" rel="noopener noreferrer nofollow">Mary hard fork </a>of the Shelly era, which was a turning point for Cardano,&nbsp; ADA experienced a significant price surge with the token surging from around $0.30 to over $1.
Remarkably, another hard fork that made the front page was the <a href="https://www.crypto-news-flash.com/in-five-days-of-alonzo-upgrade-the-cardano-blockchain-has-more-than-200-smart-contracts/" target="_blank" rel="noopener noreferrer nofollow">Alonzo hard fork </a>of the Goguen era. This particular hard fork saw Cardan’s price soaring to a new all-time high. The Cardano hard fork was met with considerable enthusiasm and drove&nbsp; ADA from a low of $0.2 to a whopping all-time high of $3.10.
It is also worth noting that after the groundbreaking event, the aftermath was however brutal as it left the token struggling to regain its footing and liquidity
Just $0.6 away from $1, at the time of writing Cardano is <a href="https://www.crypto-news-flash.com/marketcap/" target="_blank" rel="noopener noreferrer nofollow">changing hands</a> with $0.4015 marking a substantial 21.15% price surge in the last week. The CIP-1694 upgrade and increasing Cardano adoption point to a prolonged growth trajectory for the network that could see ADA soaring to the $1 mark.
<div class="cryptoboxes" id="mcw-419861" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="cardano" data-symbol="ADA" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>

Cardano’s ADA Gains Momentum with Upcoming CIP-1694 Update – Can ADA Price Hit $1?

Table of Contents

Crypto News Flash

Andre artikler udgivet 12. jul. 2024

Technical Update丨Review of Big Events in the First Half of 2024 (Ⅲ)

Crypto execs on DeFi domain hacks: Don’t interact with crypto for now

Ripple CEO Spotlights XRP’s Groundbreaking Milestone

German gov’t Bitcoin wallet drops to 5,800 BTC after major sale

Ethereum Holders Are Going Wild For Hottest New Presale Of 2024; Targets MATIC and Uniswap (UNI) ...

Cryptocurrency Stacks's Price Increased More Than 3% Within 24 hours

Join our free newsletter for daily crypto updates!