Upcoming Hard Fork
The Cardano Chang Hard Fork is still in the works, but it’s a major event for the ADA cryptocurrency. It’s expected to bring smart contract capabilities to the network, which could boost its value.
2021’s Epic Rally
In 2021, the Cardano Alonzo Hard Fork led to a massive price surge for ADA. It went from $0.2 to over $3.1, a 1,400% increase. This rally shows how hard forks can be bullish for cryptocurrencies.
Expectations for Chang
The Chang Hard Fork is expected to have a similar effect on ADA’s price. Some experts predict it could reach $1, while others say it could even surpass $5.7.
Current Market Conditions
As of now, Cardano is trading at $0.41, with a 4% increase in the last 24 hours. The market is still building momentum ahead of the hard fork, which could further fuel the price surge.
Conclusion
The Cardano Chang Hard Fork is a highly anticipated event that could lead to a significant price rally for ADA. While it’s impossible to predict exactly how much it will increase, the 2021 rally shows that hard forks can have a major impact on cryptocurrency prices.
