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Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.After days of consolidation, the ADA price presented signals of upward movement.
Lead cryptocurrencies Bitcoin and Ethereum are sustaining losses as investors await the release of minutes from the latest Federal Reserve meeting. Bitcoin was down 1.99% in the last 24 hours, while Ethereum traded down 2.54% within the same time frame. Several other cryptocurrencies were nursing losses within this time frame.was up 2% in the last 24 hours to $0.3515, and up 3% weekly. The rise extends the rebound from Monday's low of $0.327.
As the date for the activation of the Chang 1 hard fork approaches, the market closely watches the ADA price to see if it will sustain its newly found bullish momentum., a member-based organization for the Cardano ecosystem, recently provided an update on the Chang hard fork, officially proposing the first set of dates for Chang #1 hard fork on the production mainnet.The target for the mainnet hard fork is Tuesday, Aug. 27, with a final go/no go decision slated for early Friday, Aug. 23.
Preproduction will begin with a hard fork on Aug. 22. The Chang hard fork will introduce Plutus V3 and on-chain governance to boost the Cardano network's scalability and decentralization.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
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