Cardano Price Analysis: Chang Hard Fork Sets Stage for Next ADA Rally – What to Expect
Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.
After experiencing a sharp drop earlier this morning, the Cardano price has managed to stage a partial recovery, now down just 2.09%. This turnaround follows the successful completion of the highly anticipated Chang hard fork on the Cardano blockchain.
This recovery has provided some much-needed relief from Cardano’s recent decline, down 7.87% since last Wednesday—making it one of the hardest-hit among other notable altcoins over the same period.
Indeed, trader interest in Cardano appears to be renewed, with its trading volume surging 38.34% to $306.3 million over the past 24 hours.
In a September 2nd X post, the layer-1 proof-of-stake blockchain announced the successful launch of the Chang upgrade.
The Chang hard fork represents the beginning of Cardano’s “Voltaire” era, a crucial step towards achieving fully decentralized governance.
Today's Chang hard fork marks a major milestone for the Cardano blockchain, ecosystem, and community––fulfilling the promise of a truly self-governing, decentralized network.
Welcome to a new era of decentralized governance: Voltaire. ⚖️ https://t.co/sE0iyRKLg9 pic.twitter.com/dA0JkgYOio
This upgrade empowers Cardano token holders to elect representatives and vote on key development proposals, fundamentally changing how decisions are made within the Cardano ecosystem.
Charles Hoskinson, Cardano co-founder, hailed the hard fork as “one of the greatest technical achievements in human history,” previously citing its importance in allowing Cardano to stay “competitive and relevant forever.”
Previously, the Alonzo hard
Read more on cryptonews.com
