Cardano’s Major Upgrades Could Boost ADA Price by July 2024
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.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
