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Zycrypto

06/10/2024

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ADA Primed For Monstrous Explosion To $1 As “Most Significant” Milestone In Cardano’s History Nears

A hard fork that Charles Hoskinson says will be the most important milestone in the history of his pet project, Cardano, is set to go live soon. In a June 9 post on X (aka Twitter), Hoskinson noted that...

ADA Primed For Monstrous Explosion To $1 As “Most Significant” Milestone In Cardano’s History Nears

Cardano Founder Goes Headfirst Against FUD Amid Incoming Chang Upgrade

A hard fork that Charles Hoskinson says will be the most important milestone in the history of his pet project, Cardano, is set to go live soon.

In a June 9 post on X (aka Twitter), Hoskinson noted that Cardano 9.0 is launching in June, setting the stage for the highly-awaited Chang hard fork. According to Hoskinson, the Cardano network is already Chang-ready, meaning the fork can activate once 70% of stake pool operators (SPOs) install the new node.

Chang will usher in the Voltaire era, the final era of the Cardano roadmap that focuses on community-run governance. This will mark a huge feat for the network and the blockchain industry at large. Hoskinson described it as the “most significant” milestone in Cardano’s history.

“Cardano will be a decentralized civilization spanning the entire world with millions of residents. We’ll have the most advanced blockchain governance system, annual budgets, a treasury, and the wisdom of our entire community to guide us,” the Cardano creator stated.

Hoskinson further reminisced on the journey over the past ten years, remarking that building Cardano has been akin to building a nation. He expressed pride in the dedicated Cardano community and is bullish about the future. Hoskinson added that Cardano gives him hope for the industry and the world and urged everyone to make a dramatic impact in the next decade.

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Created in 2015 by a team helmed by Charles Hoskinson after he co-founded the world’s second-largest crypto, Ethereum, Cardano takes itself more seriously than its competitors like Solana. Just days ago, the founder spoke about the huge disconnect between media perception and Cardano’s actual fundamentals. Hoskinson slammed the crypto media for not recognizing Cardano’s tremendous advancements.

ADA Price Eyes Potential Recovery Ahead

Cardano’s ADA, once ranked third in the crypto rankings during the 2020–2021 bull market, is currently the 11th most valuable cryptocurrency. Cardano is now valued at over 85% below its all-time high of $3.09, registered in September 2021. At a time when Bitcoin (BTC) and other alternative cryptocurrencies have recouped most of their losses from the previous cycle, with some even setting new lifetime highs, Cardano, similar to XRP, appears stuck in a price range.

However, the forthcoming historic milestone could restore investor confidence and catapult ADA to new heights. ADA has gained a paltry 0.1% in the past week to trade for $0.4454 at press time, but investors remain optimistic about a climb to the coveted $1 level.

With Chang just around the corner and key technical indicators signaling a potential strong rebound, ADA’s price trajectory in the coming weeks and months will certainly be key for its long-term future.

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