Charles Hoskinson Confirmed the Target Date for Chang Hard Fork Mainnet is Tuesday, August 27

Cardano founder Charles Hoskinson confirmed that the target date for Chang hard fork mainnet is Tuesday, August 27. This upgrade marks the beginning of

Cardano price is up 6% today as the network prepares for the Chang hard fork next week. Here are the key reasons behind ADA’s price increase today:

1. Chang Hard Fork Scheduled For Next Week: Cardano founder Charles Hoskinson has confirmed that the Chang hard fork is set to go live on Tuesday, August 27. This upgrade will mark the beginning of the Voltaire era, introducing on-chain governance and other significant enhancements to the Cardano blockchain.

2. Massive Buying By Derivatives Traders: According to Coinglass data, Cardano futures open interest has seen a sharp increase over the last two days, indicating that derivatives traders are buying ADA in anticipation of a short-term rally in its price.

Collectively, these factors have contributed to a strong upward momentum in ADA price, with the cryptocurrency currently trading at $0.48 and showing signs of further上涨趋势.

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