Cardano (ADA) Skyrockets in Volume at 69% Milestone

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As a seasoned analyst with years of experience in the cryptocurrency market, I can confidently say that Cardano (ADA) is poised for significant growth and development. The impending Node Version 9.1.0 upgrade, currently at 69% completion, brings us one step closer to the much-anticipated Chang hard fork – a major update that promises to elevate Cardano’s on-chain decision-making capabilities.

Cardano (ADA) is nearing a significant achievement with its Node Version 9.1.0 update, currently at 69% completion. This step brings the network nearer to the anticipated Chang hard fork, an important upgrade that will bolster Cardano’s on-chain decision-making power. The recent update, Node 9.1.0, is crucial for the smooth execution of this hard fork.

When about 70% of Cardano’s Stake Pool Operators (SPOs) have switched their nodes to the latest version, the Chang hard fork will be implemented. As of now, approximately 69% of the 3,110 stake pools are prepared, and the exact date for the hard fork will be determined once both SPOs and exchanges meet the required readiness thresholds within the Cardano community.

Cardano (ADA) Skyrockets in Volume at 69% Milestone

Attention on ADA

As a crypto investor, I’ve noticed an uptick in market activity surrounding Cardano‘s native token, ADA. According to CoinGlass, there’s been a significant surge – approximately 30% – in the trading volume of ADA perpetual futures over the past 24 hours. This has led to a staggering total turnover of $408.53 million.

Furthermore, according to CoinMarketCap, the trading volume on the spot market for ADA has risen by 5.54%, amounting to approximately $337.77 million. As a result of this increase in trading activity, the total turnover for Cardano across all markets now stands at around $1 billion.

As the Chang hard fork gets closer, there is still a lot of interest in Cardano in the market.

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2024-08-08 19:49