Does Cardano (ADA) Still Have a Future?
Sooner or later, something’s gotta give.
Even though it is still in the top 10, ADA has performed poorly — at least compared to BTC, ETH, BNB, and other major assets — down by nearly 85% since reaching its all-time high of $3.10 during the 2021 market-wide bull run. That’s almost 1,089 days and counting.
Many financial analysts are banking on the US Federal Reserve cutting interest rates next month, and Chair Jerome Powell’s latest comments reinforce these hopes. Following this news, ADA received an immediate, albeit modest, 4% increase over the past 24 hours and is up 18% weekly.
Could this be a major catalyst for ADA to return to its peak? Can Cardano stakeholders (particularly developers) do enough to ensure the blockchain’s long-term success?
Chang Hard Fork and the Voltaire Era
One of the most anticipated upgrades for Cardano is scheduled to occur in the coming weeks.
The Chang Hard Fork marks the beginning of the Voltaire Era, the final epoch of the Cardano Roadmap. This represents decentralised governance on Cardano’s blockchain, allowing ADA holders to vote on proposals to directly influence the network’s trajectory.
The idea of decentralised governance…
