Cardano Eyes 400% Surge Amid Governance Upgrade
Cardano (ADA) is making headlines with its latest advancements toward decentralized governance.
Input Output Global (IOG), the blockchain’s development firm, has confirmed support for the Plomin hard fork, a crucial upgrade set to activate on January 18, 2025. This milestone marks significant progress, with over 85% of stake pools already aligned with the required updates and readiness verified through independent assessments.
Amid a recovering crypto market, ADA has regained momentum, trading at $1.15 after a notable 20% increase in the past week. Analysts like Ali Martinez predict a potential surge to $6, drawing parallels to ADA’s 2020 bull run. Such a move would represent a staggering 400% gain, sparking optimism among investors.
Cardano’s DeFi ecosystem is also thriving, with total value locked (TVL) rising 25% this year to $538 million. Institutional interest is growing, as whale transactions over $100,000 have surged, indicating increased confidence.
READ MORE:
Corporate Bitcoin Adoption Poised for Massive Growth, Says Bitwise CIOSpeculation about founder Charles Hoskinson’s involvement in President-elect Donald Trump’s potential crypto advisory council has further fueled excitement, positioning Cardano as a key player in the evolving blockchain landscape.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cardano (ADA) One Step Closer to Plomin Hard Fork
XRP Up, DOGE Down: Weiss Crypto Publishes First 2025 Rating
Charles Hoskinson Chides Cardano Foundation President for Midnight Boycott
Ripple Exec Makes Bold 2025 Stablecoin Prediction: Details