Cardano Goes Totally Bonkers: You Won’t Believe ADA’s Reaction! 🎉💰

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Gather ‘round, ladies and gents! Today is a colossal, monumental, earth-shattering day for Cardano! Why, you ask? Because tonight, at the magical hour of 9:44 p.m. UTC, the Plomin Hard Fork is about to drop like it’s hot! đŸ”„ According to our friends over at Intersect—who apparently have a crystal ball—the on-chain governance action has passed with flying colors! Fancy that!

Now, brace yourselves! Following that glorious Chang upgrade (no, not the one with a catchy tune), Cardano decided it was time to strip down and really show off—a.k.a. entering into a bootstrapping phase of governance! And here comes the Plomin upgrade, swooping in to kick CIP-1694 out of its technical slumber! 🎉 What does that mean, you ask? Only that our beloved ADA holders will finally unleash their inner political beasts with some good ol’ DRep participation and governance actions!

— Intersect (@IntersectMBO) January 29, 2025

Let’s not forget the Chang #1 upgrade. It got Cardano all gussied up for some serious community governance. What’s more thrilling than the drafting of a Cardano constitution? Absolutely nothing! (Spoiler alert: Nobody’s reading that document.)

When the Plomin hard fork gets the green light, every ADA holder gets to don their voting cap! Whether you want to vote directly or through a delegated representative—Huzzah! Democracy at its finest, folks! đŸŽ©Â đŸ•

The Cardano Foundation celebrated this magnificent milestone with a tweet that sounds like an infomercial: “Tonight, Cardano evolves! The Plomin hard fork takes effect, marking the transition to full decentralized governance! ADA holders, rejoice! You can now vote on everything—from parameter changes to the latest flavor of ice cream in the treasury (okay, maybe not that)! Speaking of milestones, this one’s a whopper!”

ADA Price Reaction đŸ€‘

Now, if you’re all waiting for ADA to react like a toddler at a birthday party… well, hold your horses! At the time of this thrilling writing, ADA was trading down like my weight on the scale after Thanksgiving dinner—down a whopping 3.06% to $0.93! Talk about a rollercoaster ride! 🎱 Hopefully, investors are just waiting for the Federal Reserve to make its big reveal: interest rate decision time!

Once the Feds make their announcement, we’ll get a front-row seat to a press conference featuring the one and only Jerome Powell at 2:30 p.m. ET—grab your popcorn because the audience will be glued to their screens for hints about future monetary shenanigans this year!

So, after three solid days of gloom and doom where ADA touched rock bottom at $0.856, it managed a wee little rebound but still looked like it forgot its lines. Remember, the first sign of hope will be a break above the 50-day SMA at $0.982! Then, Cardano might just attempt to strut its stuff to $1.16 and $1.32! Go, ADA, go! Of course, the bulls are fighting hard to keep support at $0.85. If they fail
 well, let’s just say it could get messy, folks! The witches’ brew might bubble over to $0.80 and then to a potential free-fall at $0.76! 🎃

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2025-01-29 17:42