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 <p><a href="https://news.google.com/publications/CAAqBwgKMNKCpAswlY28Aw" target="_blank"><img src="https://thecoinrise.com/wp-content/uploads/2024/01/googlenews.png" alt srcset="https://thecoinrise.com/wp-content/uploads/2024/01/googlenews.png 430w, https://thecoinrise.com/wp-content/uploads/2024/01/googlenews-300x82.png 300w, https://thecoinrise.com/wp-content/uploads/2024/01/googlenews-150x41.png 150w" /></a></p>
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<p><a target="_blank" href="https://thecoinrise.com/cardano-set-to-enter-the-voltaire-era-hoskinson/"><span>Charles Hoskinson, Cardano founder</span></a><span> has teased what he considers to be a “creative name” for the much anticipated hard fork expected to launch this week. In a post on</span><a target="_blank" href="https://x.com/IOHK_Charles/status/1814762066613301548"> <span>social media platform, X,</span></a><span> Hoskinson put forward a name, Tasselled Wobbegong.</span></p>
<p><span>Interestingly, the Tasselled Wobbegong is a rare species of shark found in the eastern waters of Indonesia that is flat and sits motionless at the bottom sea floors where it evades detection by potential prey. The master of disguise gobbles up any unsuspecting prey that swims close to it.</span></p>
<h2><b>Significance of Creative Names in Blockchain</b></h2>
<p><span>According to the popular proof-of-stake blockchain founder, his decision to pick that creative name was because the Cardano community is coming up with different names for hard forks. Hoskinson therefore believes his fits. </span></p><h4><a href="https://altcoindaily.co/" target="_blank"><span><strong>  🌟 Unlock Crypto Insights with AltcoinDaily.co! 💰</strong></span></a></h4>
<p><span>Notably, hard fork refers to a certain blockchain protocol that is not backward-compatible. To illustrate, Bitcoin in 2017 had a major split in its protocol, resulting in the Bitcoin Cash hard fork. This was a significant event in the broader crypto ecosystem.</span></p>
<h2><b>Cardano Evolution and the Role of Hard Forks</b></h2>
<p><span>On the Cardano blockchain, the hard fork combinator tool was employed to merge different protocols after a hard fork event. In 2020, Cardanao launched the proof-of-stake with the</span><a target="_blank" href="https://thecoinrise.com/cardano-leads-as-blockchain-with-highest-development-activity-in-2022/"> <span>“Shelley” hard fork.</span></a><span> However, despite the new introduction, the chain retained blocks from the old Byron network.</span></p>
<p><span>The hard fork combinator tool was responsible for avoiding radical modification after the hard fork even. Also, in 2021, Cardano executed another hard fork, the Mary, which introduced DeFi functionality. This was followed by the Alonzo hard fork which facilitated the development of smart contracts on the network.</span></p><h4><span><a href="https://altcoindaily.co/" target="_blank"><strong> 🦂 AltcoinDaily.co is your trusted source for the latest in crypto news and insights. 🚀</strong></a></span></h4>
<h2><b>The Chang Hard Fork</b></h2>
<p><span>Analysts say these naming systems were not a big deal then but Hoskinson seems to be determined this time around to create awareness as the community anticipates another hard fork. Notably, Cardano is at the verge of introducing another hard fork,</span><a target="_blank" href="https://thecoinrise.com/cardano-prepares-for-chang-hard-fork-in-june-why-is-ada-still-trailing-gfox/"> <span>Chang, that will bring decentralized on-chain governance</span></a><span> on the blockchain.</span></p>
<p><span>The Chang hard fork will enable Cardano holders to vote on a variety of issues either through delegate representatives or individually. As per the anticipated Chang hard fork, exchanged and decentralized apps will need to upgrade to Node 9.0 that was released last month by Cardano’s blockchain development team.</span></p>
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Thecoinrise

Cardano Founder Unveils Creative Hard Fork Name

<div><div><a target="_blank" href="https://cryptomode.com/wp-content/uploads/2024/06/45-Cryptomode-Alt-Coin-5.webp"><p><img srcset="https://cryptomode.com/wp-content/uploads/2024/06/45-Cryptomode-Alt-Coin-5-750x420.webp 750w, https://cryptomode.com/wp-content/uploads/2024/06/45-Cryptomode-Alt-Coin-5-300x168.webp 300w, https://cryptomode.com/wp-content/uploads/2024/06/45-Cryptomode-Alt-Coin-5-1024x574.webp 1024w, https://cryptomode.com/wp-content/uploads/2024/06/45-Cryptomode-Alt-Coin-5-768x430.webp 768w, https://cryptomode.com/wp-content/uploads/2024/06/45-Cryptomode-Alt-Coin-5-1140x639.webp 1140w, https://cryptomode.com/wp-content/uploads/2024/06/45-Cryptomode-Alt-Coin-5.webp 1456w" src="https://cryptomode.com/wp-content/uploads/2024/06/45-Cryptomode-Alt-Coin-5-750x420.webp" alt="Cardano Set to Explode: Analyst Predicts" /></p></a></div><div><p><a href="https://cryptomode.com/linkout/22473" target="_blank"><img src="https://cryptomode.com/wp-content/uploads/2023/11/Rebel_Satoshi_-_728x90_728_x_90_px.gif" alt /></a></p></div><div><p><span>Analyst Cheeky Crypto predict Cardano (ADA) is about to explode based on its current trajectory. </span></p><p><span>According to the analyst, Cardano founder Charles Hoskinson hinted at a potential partnership with tech mogul Elon Musk, who is deeply <a href="https://cryptomode.com/news/dogecoin-where-next/" target="_blank">associated with Dogecoin (DOGE)</a> and sparking widespread excitement within the Cardano community. He states that this collaboration could revolutionize blockchain technology and enhance Cardano’s visibility significantly. Amid these discussions, rumours have surfaced suggesting Elon Musk may control up to 20% of Dogecoin’s supply, a detail that raises intriguing possibilities for Cardano’s market dynamics if Musk shifts his focus.</span></p><p><iframe width="500" height="281" src="https://www.youtube.com/embed/a-WbH650Mts?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share"></iframe></p><p><span>The <a href="https://www.youtube.com/watch?v=a-WbH650Mts&amp;embeds_referring_euri=https%3A%2F%2Fcryptomode.com%2F&amp;feature=emb_imp_woyt" target="_blank">analyst states that Cardano is currently a hot topic</a> on social media, attracting a growing number of investors intrigued by its potential. His technical outlook for Cardano is also positive, with expectations of a short- to medium-term price recovery. His technical analysis further indicates that for the uptrend to confirm, Cardano’s price must close above critical resistances, including the 50 Simple Moving Average (SMA), 50 Exponential Moving Average (EMA), and 200 Day Moving Average (DMA). Such bullish movements would solidify the foundation for a significant upward trajectory in Cardano’s market value.</span></p><p><span>Despite recent market corrections and low trading volumes, the analyst maintains a hopeful outlook for Cardana’s price, suggesting an imminent reversal. Key resistances still loom large on the horizon, necessitating a cautious approach to trading until these levels are convincingly surpassed. The analyst compares the current situation to past price actions that preceded major rallies, proposing potential conservative price targets between $5.34 and $12.71. He states that a successful partnership with Elon Musk could propel prices towards a staggering $38. This comes as other analysts predict<a href="https://cryptomode.com/news/whats-next-for-cardano-analyst-weighs-in/" target="_blank"> ADA will soon explode</a> while others predict while others predicted </span><a href="https://cryptomode.com/news/will-cardano-reach-a-low-anytime-soon/" target="_blank"><span>it is yet to set a low</span></a><span>.</span></p><h2><span>Cardano Price Review: How is ADA Doing Today?</span></h2><p><span>Looking at an in-depth analysis, we see that the price of ADA is currently trading below the Ichimoku Cloud, which is generally considered a bearish signal. This suggests that the market is in a downtrend. The cloud ahead of the price is red and appears to be expanding, which typically indicates a strengthening of the bearish trend. The conversion line (blue) is below the baseline (red), reinforcing the bearish sentiment.</span></p><p><img src="https://cryptomode.com/wp-content/uploads/2024/06/Apex_1718284098227.png" alt srcset="https://cryptomode.com/wp-content/uploads/2024/06/Apex_1718284098227.png 2538w, https://cryptomode.com/wp-content/uploads/2024/06/Apex_1718284098227-300x144.png 300w, https://cryptomode.com/wp-content/uploads/2024/06/Apex_1718284098227-1024x491.png 1024w, https://cryptomode.com/wp-content/uploads/2024/06/Apex_1718284098227-768x369.png 768w, https://cryptomode.com/wp-content/uploads/2024/06/Apex_1718284098227-1536x737.png 1536w, https://cryptomode.com/wp-content/uploads/2024/06/Apex_1718284098227-2048x983.png 2048w, https://cryptomode.com/wp-content/uploads/2024/06/Apex_1718284098227-750x360.png 750w, https://cryptomode.com/wp-content/uploads/2024/06/Apex_1718284098227-1140x547.png 1140w" /></p><p><span>2-hour ADA/USD Chart | Source: </span><a href="https://www.tradingview.com/symbols/ADAUSD/" target="_blank"><span>TradingView</span></a></p><p><span>On the other hand, the Woodies CCI is consistently below -100, a strong bearish signal indicating that the price is well below its average over the observed period. This suggests sustained selling pressure.</span></p></div></div>

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