{"id":637278,"date":"2024-08-22T21:30:54","date_gmt":"2024-08-22T21:30:54","guid":{"rendered":"https:\/\/uniquehot.com\/?p=637278"},"modified":"2024-08-22T13:56:35","modified_gmt":"2024-08-22T13:56:35","slug":"cardano-chang-upgrade-ada-52","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/cardano\/cardano-chang-upgrade-ada-52\/","title":{"rendered":"Cardano Chang Upgrade Launch: ADA Sees 52% Explosion In Major Metric"},"content":{"rendered":"

The excitement continues to build within the Cardano (ADA) community as the highly anticipated <\/span>Chang hard fork<\/span><\/a> gets ready to launch. Ahead of the upcoming upgrade, ADA, the native token of the Cardano ecosystem, has exploded by over 52% in this key metric.\u00a0<\/span><\/p>\n

Cardano Releases Date For Chang Upgrade<\/h2>\n

Intersect, a member-based organization for the Cardano ecosystem, took to X (formerly Twitter) on August 20 to\u00a0<\/span>provide<\/a> comprehensive details and updates on the Chang hard fork.<\/span>\u00a0The organization has unveiled <\/span>key dates<\/span><\/a> for the <\/span>Chang upgrade<\/span><\/a> launch, highlighting that the majority of preparations are already finalized.<\/span><\/p>\n

Related Reading: Ethereum Metrics Turn Positive: Can This Drive A New ATH Above $5,000?<\/a><\/div>\n

According to Intersect, the Chang hard fork group held a meeting recently to review and discuss the progress of the project\u2019s desired thresholds and to gather valuable feedback from the <\/span>Cardano community<\/span><\/a>. With most of the preparations complete, they have proposed the first set of dates for the hard fork on the production mainnet.\u00a0<\/span><\/p>\n

The target date for \u201cthe Chang #1 hard fork\u201d is set for Tuesday, August 27. However, a final decision on whether or not to proceed with this date will be made on Friday, August 23. The official date has been decided based on the <\/span>readiness of certain key metrics<\/span><\/a>, which have shown steady progress over the past weeks.\u00a0<\/span><\/p>\n

Intersect disclosed that the Chang hard fork group has verified and confirmed that the key components and tooling for the upgrade are set. This includes readiness of the Stake Pool Operator (SPO), exchange liquidity, and updates from Decentralized Applications (DApps). The team has affirmed that all components have exceeded expectations.\u00a0<\/span><\/p>\n

Furthermore, intersect noted that the formal process for initiating the hard fork will begin with a four-day lead time to conclude all necessary <\/span>governance actions<\/span><\/a> and approvals. In the case of a change of dates, the Chang hard fork team has revealed that the next appropriate window for the upgrade would be on September 3, 2024.\u00a0<\/span><\/p>\n

However, for now, all current indications suggest that August 27 is the most viable date for the Chang hard fork launch. In preparation, pre-production will be a hard fork on August 22.\u00a0<\/span><\/p>\n

ADA Surges Over 52% In A Key Metric\u00a0<\/span><\/h2>\n

On August 21, Cardano\u2019s native token, <\/span>ADA<\/span><\/a>, witnessed an unprecedented rise in overall trading volume. Coinglass <\/span>reports<\/span><\/a> that the cryptocurrency jumped over 54% at the time, underscoring the <\/span>rising trading activity<\/span><\/a> and interest from investors.\u00a0<\/span><\/p>\n

This <\/span>unexpected volume increase<\/span><\/a> could be signaling a shift in Cardano\u2019s price dynamics. Over the past months, the price of ADA has been on a seemingly <\/span>never ending consolidation phase<\/span><\/a>. However with its surging volume, the cryptocurrency may be indicating a potential end to its <\/span>price stagnation<\/span><\/a>.\u00a0<\/span><\/p>\n

Related Reading: Historical Data Suggests Bitcoin Could Rise 1,000%, Here\u2019s Why<\/a><\/div>\n

Although ADA\u2019s volume rose above 54% previously, the cryptocurrency\u2019s current trading volume is up by 36.21%, at around $428.88 million, according to Coinglass. ADA\u2019s open interest is also witnessing a slight upward momentum, increasing by 4.66%.\u00a0<\/span><\/p>\n

Including the upcoming Chang upgrade, these positive changes in the cryptocurrency\u2019s metrics could be fueling <\/span>Cardano\u2019s recent price increase<\/span><\/a> in the last 24 hours. CoinMarketCap data shows that <\/span>ADA\u2019s price<\/span><\/a> has jumped 4.74% and is presently trading at $0.368.\u00a0<\/span><\/p>\n

\"Cardano
ADA price remains below $0.4 | Source: ADAUST on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

The excitement continues to build within the Cardano (ADA) community as the highly anticipated Chang hard fork gets ready to launch. Ahead of the upcoming upgrade, ADA, the native token of the Cardano ecosystem, has exploded by over 52% in this key metric.\u00a0 Cardano Releases Date For Chang Upgrade Intersect, a member-based organization for the Cardano ecosystem, took to X (formerly Twitter) on August 20 to\u00a0provide comprehensive details and updates on the Chang hard fork.\u00a0The organization has unveiled key dates for the Chang upgrade launch, highlighting that the majority of preparations are already finalized. Related Reading: Ethereum Metrics Turn Positive: Can This Drive A New ATH Above $5,000? According to Intersect, the Chang hard fork group held a meeting recently to review and discuss the progress of the project\u2019s desired thresholds and to gather valuable feedback from the Cardano community. With most of the preparations complete, they have proposed the first set of dates for the hard fork on the production mainnet.\u00a0 The target date for \u201cthe Chang #1 hard fork\u201d is set for Tuesday, August 27. However, a final decision on whether or not to proceed with this date will be made on Friday, August 23. The official date has been decided based on the readiness of certain key metrics, which have shown steady progress over the past weeks.\u00a0 Intersect disclosed that the Chang hard fork group has verified and confirmed that the key components and tooling for the upgrade are set. This includes readiness of the Stake Pool Operator (SPO), exchange liquidity, and updates from Decentralized Applications (DApps). The team has affirmed that all components have exceeded expectations.\u00a0 Furthermore, intersect noted that the formal process for initiating the hard fork will begin with a four-day lead time to conclude all necessary governance actions and approvals. In the case of a change of dates, the Chang hard fork team has revealed that the next appropriate window for the upgrade would be on September 3, 2024.\u00a0 However, for now, all current indications suggest that August 27 is the most viable date for the Chang hard fork launch. In preparation, pre-production will be a hard fork on August 22.\u00a0 ADA Surges Over 52% In A Key Metric\u00a0 On August 21, Cardano\u2019s native token, ADA, witnessed an unprecedented rise in overall trading volume. Coinglass reports that the cryptocurrency jumped over 54% at the time, underscoring the rising trading activity and interest from investors.\u00a0 This unexpected volume increase could be signaling a shift in Cardano\u2019s price dynamics. Over the past months, the price of ADA has been on a seemingly never ending consolidation phase. However with its surging volume, the cryptocurrency may be indicating a potential end to its price stagnation.\u00a0 Related Reading: Historical Data Suggests Bitcoin Could Rise 1,000%, Here\u2019s Why Although ADA\u2019s volume rose above 54% previously, the cryptocurrency\u2019s current trading volume is up by 36.21%, at around $428.88 million, according to Coinglass. ADA\u2019s open interest is also witnessing a slight upward momentum, increasing by 4.66%.\u00a0 Including the upcoming Chang upgrade, these positive changes in the cryptocurrency\u2019s metrics could be fueling Cardano\u2019s recent price increase in the last 24 hours. CoinMarketCap data shows that ADA\u2019s price has jumped 4.74% and is presently trading at $0.368.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":637282,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16896],"tags":[12333,89347,84005,14643,79508,12332,89230,12329],"class_list":["post-637278","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-ada-news","tag-ada-price","tag-adausd","tag-adausdt","tag-cardano","tag-cardano-news","tag-cardano-price"],"acf":[],"yoast_head":"\nCardano Chang Upgrade Launch: ADA Sees 52% Explosion In Major Metric<\/title>\n<meta name=\"description\" content=\"The excitement continues to build within the Cardano (ADA) community as the highly anticipated Chang 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Cardano Chang Upgrade Launch: ADA Sees 52% Explosion In Major Metric","url":"http:\/\/uniquehot.com\/news\/cardano\/cardano-chang-upgrade-ada-52\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/cardano\/cardano-chang-upgrade-ada-52\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/Cardano-ADA-1.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/Cardano-ADA-1.jpeg?fit=1792%2C1024"},"articleSection":"Cardano","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","ada news","ada price","adausd","adausdt","cardano","cardano news","cardano price"],"dateCreated":"2024-08-22T21:30:54Z","datePublished":"2024-08-22T21:30:54Z","dateModified":"2024-08-22T21:30:54Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Cardano Chang Upgrade Launch: ADA Sees 52% Explosion In Major Metric\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/cardano\\\/cardano-chang-upgrade-ada-52\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/cardano\\\/cardano-chang-upgrade-ada-52\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Cardano-ADA-1.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Cardano-ADA-1.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Cardano\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"ada news\",\"ada price\",\"adausd\",\"adausdt\",\"cardano\",\"cardano news\",\"cardano price\"],\"dateCreated\":\"2024-08-22T21:30:54Z\",\"datePublished\":\"2024-08-22T21:30:54Z\",\"dateModified\":\"2024-08-22T21:30:54Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/Cardano-ADA-1.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/637278"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=637278"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/637278\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/637282"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=637278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=637278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=637278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}