Experts predict timeline for Cardano to reach $2

Crypto analyst Sebastian predicts that Cardano’s Chang hard fork could push ADA to $2 with major governance and smart contract efficiency upgrades.

Crypto analyst Sebastian provided an update on the Cardano blockchain’s upcoming upgrade, noting that June will mark the initial node upgrade. According to him, by August, all nodes should have been upgraded and the Chang hard fork is expected to go live.

Sebastian predicts that ADA, which is currently trading at $0.4254, could hit $2 in August based on historical price spikes prior to the hard fork.

Chang Hard Fork and Cardano’s Voltaire Era

The Chang hard fork was first announced at the end of 2022 and will lead Cardano into the “Voltaire” era. This phase transfers governance from IOHK to the wider community. Cardano CEO Charles Hoskinson also confirmed the release of Cardano Node 9.0, which will enable the fork.

According to Hoskinson, this development is a milestone in the history of Cardano. He emphasized the role of the community in achieving a decentralized governance system that includes an annual budget, a treasury, and the collective wisdom to guide the network.

Historical precedent

Community member Lamy pointed out that past hard fork events have led to increases in ADA prices. The Chang hard fork is expected to improve smart contract efficiency through Plutus v3 and introduce on-chain governance, distributing 1 billion ADA to the community.

As the upgrade rolls out, expect improvements in decentralized exchange (DEX) speeds, increased use of stablecoins, a number of Cardano native tokens (CNTs) to be listed on new centralized exchanges (CEXs), and an upcoming midnight airdrop.

Cardano advances amid doubt

Despite facing criticism from crypto industry influencers and media outlets, Hoskinson insisted that Cardano is making significant progress. He pointed out the gap between Cardano’s actual progress and the way its critics portray it.

At the time of this press release, the Cardano (ADA) price is $0.4253 with a 24-hour trading volume of $496,920,640. This indicates a drop of 0.88% over the past day and a drop of 7.73% over the past week.

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