Cardano’s Major Upgrades Could Boost ADA Price by July 2024
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Cardano (ADA) is undergoing significant upgrades that could boost its price in the coming months.
Major developments include the launch of Cardano node v9.0 and the anticipated Chang Hard Fork. These updates enhance network functionality and security, attracting more developers and users.
Cardano is preparing for the Chang Hard Fork, set to occur by the end of July.
It’s worth noting that before its previous hard fork in 2021, $ADA surged 130%, from $1.35 to $3.10 in just a month. pic.twitter.com/E8zTEgZM6k
— IntoTheBlock (@intotheblock) July 6, 2024
The launch of Cardano node v9.0 introduces important features for on-chain governance, while the Chang Hard Fork aims to implement decentralized governance.
Historical trends show price increases around major upgrades, and rising adoption is reflected in the growing number of active addresses and large holders.
Substantial investments in Cardano funds indicate strong market confidence. Positive updates from Charles Hoskinson and progress towards the Chang Hard Fork further boost investor sentiment.
ChatGPT-4o ADA Price Prediction
By July 31, 2024, ADA’s price is predicted to range between $0.60 to $0.85:
- Optimistic Scenario: $0.75 to $0.85
- Moderate Scenario: $0.65 to $0.75
- Conservative Scenario: $0.60 to $0.65
Strong network growth, increasing adoption, and positive market sentiment suggest a significant rise in ADA’s price. Investors should watch these key developments and market responses to make informed decisions about ADA investments.