Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Cardano’s Awakening: Can ADA’s +4.13% Surge Continue Post-Chang Hard Fork?

Cardano’s Awakening: Can ADA’s +4.13% Surge Continue Post-Chang Hard Fork?

CoinEditionCoinEdition2024/11/01 16:00
By:Ikemefula Aruogu

Cardano (ADA) surged 4.13% on Friday, November 1. ADA’s November 1 surge is in continuation of a recent market rally. The Chang Phase 2 hard fork reignited ADA’s bullish momentum.

  • Cardano (ADA) surged 4.13% on Friday, November 1.
  • ADA’s November 1 surge is in continuation of a recent market rally.
  • The Chang Phase 2 hard fork reignited ADA’s bullish momentum.

Cardano (ADA) increased 4.13% on Friday, November 1, amid discussions about the upcoming Chang Phase 2 hard fork. Crypto users are discussing the upgrade and its potential effect on the Cardano blockchain.

ADA’s recent surge follows an upward price movement that began on October 25, after the crypto token bounced off support at $0.315. The cryptocurrency rallied over 15% to reach a $0.364 local high before pulling back. However, bullish momentum has returned to ADA as the Chang Phase 2 hard fork gains attention.

In the meantime, Cardano’s development company, EMURGO, said the second phase of the Chang hard fork will bring additional advancements to the network, building on the improvements made during the initial upgrade in September. EMURGO highlighted the updates Cardano users can expect.

The hard fork will introduce Delegate Representative (DRep) Voting, SPO Voting, and Governance Actions. It will also bring Treasury Withdrawals and an Expanded Constitutional Committee. Users expect these changes to improve the Cardano network’s efficiency and make it the most decentralized blockchain platform in the cryptocurrency industry.

Read also: Investing in Cardano: What to Expect After the Chang Hard Fork

Many crypto analysts believe the Chang upgrade is a significant development that will boost Cardano’s adoption. Users expect the upgrade to improve Cardano’s transaction speed, increasing its relevance in the DeFi ecosystem. They expect ADA’s price to increase due to a projected surge in demand.

In a recent post on X, Ali Martinez, a cryptocurrency analyst, highlighted that ADA follows a pattern similar to its 2020 trend. The analyst predicts a potential ADA pump to begin around the middle of November and continue until September 2025, when he expects ADA’s price to reach a climax.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like