Cardano's chang hardfork draws near but what will the implications be for the network, as well as ADA's price action?
Cardano is about to go through yet another major network change. Will it affect your ADA portfolio and can ADA drum up more bullish momentum?prepares for its highly anticipated Chang hardfork, the crypto community is abuzz with speculation. So, lets dive in and look at what the excitement is all about and the possible impact on ADA’s price action.
The Chang hardfork will allow the Cardano network to implement a distributed governance framework. This will transition the network to a governance model that is fully community controlled. The Chang hardfork is technically purely about implementing changes to the network infrastructure. Therefore, it might not have a direct impact on ADA’s price performance.Despite the low probability of the Chang hardfork affecting ADA, there might still be some speculation around the event. ADA has been attempting to recover from the sell pressure that it experienced in Q2 2024. It traded at $0.40 at press time.
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