Breaking: Three big news supporting Cardano ($ADA) bull momentum to $3 target again
Many crypto traders are looking toward the $ADA coin & expecting a big rally is coming in the next few months, as three major developments are now active.
Cardano (ADA) is a popular Proof-of-Stake (PoS) crypto network which is mainly known for its better network stability against high network traffic. Charles Hoskinson, the co-founder of the Ethereum blockchain, founded & launched this crypto blockchain in 2017.
The current trade price of ADA coin is $0.44 & this trade price is 40% down over the last 3 months.
The significant downfall in the trade of this top crypto asset is causing huge pain among those crypto traders who invest in innovative & real crypto projects.
Currently, three big factors are supporting bull sentiments around this cryptocurrency to the next level, namely Cardano’s partnership with the Argentine regional government, Cardano Crypto media company, and Cardano network fork.
Cardano partners Argentina
On June 5, 2024, the Cardano Foundation announced to its community that the Cardano project had partnered with a regional government in Argentina. This is a very big sign of Cardano blockchain adoption in Argentina at government-level support.
Cardano news media
On June 7, 2024, Cardano founder Hoskinson invited people to vote to support the use of the Cardano Treasury fund to establish a new crypto news media platform to post real news about cryptocurrencies across the crypto sector.
So far 70% of people voted to support Hoskinson’s plan & now soon this year we are going to see a new crypto news media by the Cardano team.
Cardano Chang fork
Cardano devs scheduled Cardano blockchain to go through Cardano Chang hard fork by Q2 2024. As we know that it is the last month of Q2, there are huge chances that we will see Chang Hardfork in the Cardano blockchain in mid-July.
With this Chang hard fork, Cardano will become more decentralised, as it will grant $ADA coin holders voting rights on proposals.
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