Cardano (ADA) Bulls To Lift ADA By 2X As The Project Prepare For Chang Hard Fork And Voltaire

Cardano has not been left behind in the ongoing revival as with Bitcoin and other top altcoins. From the daily chart, ADA, the native currency, is up roughly 4% in the last day and 17% in the previous week, according to CoinMarketCap data.

Cardano (ADA) has seen a notable uptrend in the past few days, adding to the gains made by Bitcoin and other top altcoins.

ADA prices are up roughly 4% in the last day and 17% in the previous week, trading at $0.44 at press time. The native currency has nearly 40% since July 8, rising from below $0.35.

This uptrend comes despite ADA being hit hard by the crypto winter and bear market. At the 2024 highs, ADA was valued at over $3.44.

However, the recent upswing has ADA traders and investors optimistic once more. In fact, one analyst thinks ADA could more than 2X in the medium term from current prices.

Cardano (ADA) Prices Set For 2X ADA Rally

The bullish outlook is mainly technical, observing the candlestick arrangement in the daily chart. ADA has been in an uptrend that started forming a bull flag from June and July.

This breakout was observed on July 13, with bulls decisively surging above the descending wedge and multi-week resistance trend line. Most importantly, bulls have confirmed this leg up, backing the analysis and optimistic traders.

Cardano (ADA) Daily Price Chart Analysis

The upswing is also expected given ADA's status as a leading altcoin, which benefits from the recovery of Bitcoin and Ethereum prices.

Beyond this, holders are banking on fundamental factors, especially the upcoming activation of the Chang hard fork in the next two weeks.

Cardano Preparing For Chang Hard Fork And Voltaire

Cardano has seen several transitions that have seen ADA prices andホルダーごと to new highs, shifting from the Byron to the Basho eras.

Now, as the community prepares for the Chang hard fork, ADA prices appear to be expanding in tandem. This major update will mark the beginning of the Voltaire era.

At this phase, the aim is to fully decentralize governance, giving voting rights to ADA holders.

To make this possible, Cardano developers are introducing Delegate Representatives who will facilitate decision-making.

Furthermore, the goal will be to improve transaction processing speeds further and boost the network’s security

Cardano node v9.0 was released ahead of the Chang hard fork. This major node update marked the end of primary development work and the start of on-chain governance.

Even so, minor changes will be needed to integrate elements spelled out by the Cardano constitution.

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