Will Cardano (ADA) Hit $3 Again? Chang Hard Fork Fuels Optimism

Will Cardano (ADA) Hit $3 Again? Chang Hard Fork Fuels Optimism

  • Experts predict Chang Hard Fork could boost ADA’s price, mirroring Alonzo’s 2021 impact.
  • ADA may surge to $0.50 if it breaks the $0.3947 resistance and maintains momentum.
  • A descent below the 20-day moving average could shift ADA’s bullish outlook to bearish.

Cardano ($ADA) has recently weathered a storm, with its price repeatedly hitting new lows. However, a historical pattern suggests a rebound may be on the horizon, especially with the impending Chang Hard Fork scheduled for this month.

Originally slated for Q2 of 2024, this significant upgrade is anticipated to bring numerous benefits to Cardano, fueling speculation of a potential price surge.

Essentially, Cardano enthusiasts are likening the Chang Hard Fork to the Alonzo Hard Fork of 2021, which revolutionized the network by introducing smart contract capabilities. Reports indicate that the Alonzo upgrade substantially boosted ADA’s value, propelling it from $1.35 to an all-time high of $3.10, an impressive 130% jump.

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