'Ethereum Killer' ADA Set To Get A Utility Boost As Cardano Upgrade 'Chang' Goes Live
Portfolio Pulse from Aniket Verma
Cardano's 'Chang hard fork' upgrade has gone live, enhancing ADA's utility by enabling decentralized governance. Despite the upgrade, ADA's price remains down, trading 3.57% lower than the previous day.
September 02, 2024 | 7:31 am
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Cardano's 'Chang hard fork' upgrade introduces decentralized governance, allowing ADA holders to vote on protocol changes. Despite this, ADA's price is down 3.57% in the last 24 hours.
The 'Chang' upgrade enhances ADA's utility by enabling decentralized governance, which is a significant development. However, the immediate market reaction has been negative, with ADA's price dropping 3.57% in the last 24 hours, indicating a short-term bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100