Cardano’s Plomin Upgrade: Will ADA Finally Stop Being a Disappointment?

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So, Cardano’s Plomin upgrade just cleared some big hurdle. 🎉 Big deal. Intersect tweeted that the Interim Constitutional Committee (ICC) voted unanimously in favor of it. 100% agreement? That’s like finding a parking spot in Manhattan on a Saturday night—rare, but not impossible. Anyway, this is apparently a big step forward for Cardano. I mean, they’ve been taking steps forward for years, but hey, progress is progress, right?

The ICC votes show that everyone in the Cardano community is on board. Or at least, everyone who matters. Which, let’s be honest, is probably like five people. But hey, consensus is consensus, even if it’s just a bunch of nerds in a Discord server agreeing on something.

Breaking News! 🎉 The ICC Plomin votes are in! All members of the interim constitutional committee have now placed their positive votes on the Plomin hard fork governance action!

— Intersect (@IntersectMBO) January 23, 2025

Now, for this Plomin thing to actually happen, 51% of stake pools need to vote yes. And the ICC needs a 66.7% threshold, which they’ve already hit. Oh, and 85% of stake pools need to upgrade to a new Cardano node version. So, basically, it’s like herding cats, but with blockchain. Fun.

Intersect thinks the mainnet hard fork might be ratified on January 24, 2025. And if that happens, it’ll be enacted on January 29. So mark your calendars, folks. Or don’t. It’s not like this is the Super Bowl or anything.

Will ADA Price Follow? 🤔

Now, let’s talk about ADA’s price. It’s been trying to break past $1, but it’s struggling. Like, really struggling. It’s like watching someone try to open a jar of pickles with butter on their hands. Three days in a row, ADA has tested $1, and three days in a row, it’s failed. Not exactly inspiring confidence, is it?

If ADA can finally break through $1, it might go up to $1.10 or even $1.20. But if it can’t? Well, it might drop back to $0.90. Which, let’s be honest, is where it probably belongs. At the time of writing, ADA is up 4% in the last 24 hours to $1. Wow. A whole dollar. 🎉

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2025-01-24 16:55