Cardano, one of the domain's notable crypto tokens, has yet to experience the bullish market entry that its contemporaries are currently basking in. Furthermore, the token has long traded between $0.40 and $0.47, prompting significant speculation about when the price will skyrocket. .
The ADA ecosystem is looking forward to the Chang Hard Fork update, which is about to introduce notable changes to Cardano's infrastructure and order. With the hard fork timeline approaching fast and hard, several crypto analysts are also busy predicting new price thresholds for ADA and speculating on Cardano's future price levels.
Also read: Analyst predicts timeline for Cardano's (ADA) bullish price breakout.
Chang Hard Fork could help ADA rise to $10
Cardano's slow price pace is a serious point of contention within the crypto community. With the Chang Hard Fork upgrade in the mix, several analysts are counting on ADA's rapid price appreciation following the fork implementation to help the coin stabilize its valuation a step further.
ADA's lethargic price pace has significantly affected its valuation, causing unrest among investors. Currently, the token is priced at $0.46, which is generally considered a low price threshold for the token to trade considering its recent milestones.
According to Lucid, a leading crypto analyst on The analyst shared how Cardano has always hosted the maximum number of working developers. towards expanding its ecosystem to achieve better results.
“SPOs and builders are the backbone of Cardano! Their conviction for securing our freedom through Cardano is astonishing! Having the most developers and the highest MAV is a testament to their belief! We will never give up on Cardano! $ADA is ours! Chang!”
What is the Chang Hard Fork upgrade all about?
The Chang Hard Fork Upgrade marks a new era for Cardano. The fork will help ADA explore governance to represent the true form of a decentralized system.
“Chang Upgrade Number One will implement governance features on Cardano. Initiating the technical start-up phase as described in SIP 1694. This phase forms the basis for decentralized voting, governance actions and more. Chang Upgrade Number Two takes SIP 1694 out of the technical start-up phase. IT will unlock the latest features of on-chain governance, including the participation of delegated representatives. And withdrawals from government bonds.”
Also read: Cardano: When will ADA regain its all-time high of $3.10?