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The 11th largest cryptocurrency, Cardano (ADA), is going for the biggest hard fork to boost the demand in the market. This network was launched in 2017 by Ethereum co-founder Charles Hoskinson and gained instant success in the market.
Analyst Nicholas Merten aka Datadash said that Bitcoin needs to rise significantly for altcoins to do well. Without Bitcoin leading the way, altcoins are unlikely to see a bull market. For example BNB (Binance Coin) recently broke through a long-term support line—a critical level where buyers usually step in.
With the Cardano hard fork called Chang approaching, the world's largest cryptocurrency exchange, Binance, has announced that it will be supporting the network update.
Preparations and support for the hard fork chang
In an announcement made via X on August 30, Charles Hoskinson, the founder of Cardano, proclaimed the end of the Genesis Keys, a set of cryptographic keys instrumental in the early stages of the blockchain's development and operation.
The Cardano network is ready for the Chang hard fork, part of the transition to the Voltaire era of decentralized network governance.
As the Cardano hard fork is fast approaching, analysts have analyzed the impact on ADA's price and what it could spell for the blockchain.
After the SEC vs. Ripple Lawsuit, XRP price has been moving sideways.
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This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) This week, Ethereum re-tested the support at $2,400, and so far, buyers managed to defend this level well.
ADA price is at a crossroads. With the Chang hard fork up ahead and a thin slice of support holding the price up, it is difficult to predict what will happen next.
Amid Bitcoin's slight rebound, a CryptoQuant analyst has shared in a report the correlation of some altcoins with Bitcoin's performance.
Are you ready to catch the next big move in the crypto space? Qubetics is making waves with its innovative layer-1 blockchain, allowing early supporters to secure TICS coins at special presale prices. Qubetics (TICS) is opening its exclusive whitelist, and the market is buzzing with opportunity.
Intersect, a Cardano membership organization, announced that the highly anticipated Chang hard fork will occur on Sept. 1, according to an Aug. 29 statement shared with CryptoSlate.
Cardano's Chang hard fork to trigger on September 1, marking a shift towards community-driven blockchain governance.
Buyers are getting back in the game at the end of the week, according to CoinMarketCap.
Cardano's ADA hit a 10-month low of $0.279 this month, a tough drop for anyone holding since March. But here's the silver lining: ADA has bounced back to around $0.37. Though it's still down from four weeks ago, this recovery has sparked some renewed interest. Cardano's upcoming Chang Hard Fork could be a game-changer.
Over the past week, the Cardano (ADA) price seemed on track to break out of the bullish descending wedge.
Cardano's price remains steady at the $0.36 support level, setting the stage for a possible significant reversal driven by rising network activity and growing whale accumulation.
The Crypto X community is very observant, especially regarding key figures like Cardano Founder Charles Hoskinson. A four-day silence was enough for those following his posts on X to raise a major alarm about his whereabouts.
Intersect, a member-based organization within the Cardano ecosystem, has officially announced the scheduled implementation of the Chang Hard Fork on the Cardano mainnet, set to occur on September 1, 2024, at 21:45 UTC. The hard fork marks a major milestone for Cardano's evolution towards a fully decentralized ecosystem.
Cardano (ADA) is grappling with significant challenges as its price hovers near a potential 10% decline. Investor confidence has been shaken by the alleged disappearance of founder Charles Hoskinson, who has been absent from public and social media since August 24.
Cardano (ADA) price bulls are concerned with securing support amid volatility heightened by Bitcoin price crash. The uphill task in this downtrend turmoil for investors is to figure out the actions to take to get in at the right time before ADA begins its ultimate journey to $1.
The Chang hard fork aims to implement an on-chain distributed governance framework, enhancing community participation in the network's development.
