Cardano Dalam Momentum, Bagaimana Nasib Harga ADA?

Cardano Ecosystem Surges in Development Despite ADA Price Fluctuations

Amidst recent price turbulence, the Cardano ecosystem has witnessed a surge in development activity across projects. This growth underscores the sustained efforts of Cardano's consensus team to enhance performance and interoperability.

Cardano's Development Milestones and Scalability Solutions

This week, Cardano's consensus team achieved significant milestones. According to the latest weekly development report, scalability solutions have undergone notable advancements. For instance, Hydra's node version 0.17.0 has demonstrated substantial performance enhancements, while Mithril's transaction improvements have increased efficiency. The report also reveals substantial increases in transaction, coin policy, and Plutus script deployments, indicating robust ecosystem activity.

Chang Hard Fork and Decentralized Governance

As reported by Zycrypto, a key highlight of the development report is the progress towards the Chang hard fork, scheduled for Q3 this year. This upgrade represents a pivotal moment for Cardano, introducing an era of decentralized governance and smart contract capabilities.

Earlier this week, Cardano founder Charles Hoskinson outlined plans for the upcoming Interim Constitutional Committee (ICC) election, a crucial step towards decentralized governance ahead of the Chang hard fork. The election process, slated to commence in June, will involve a stake-based voting mechanism accessible to all ADA holders. This democratic approach ensures community preferences are represented as Cardano transitions into the Voltaire Era. Additionally, community engagement and testing are ongoing on the SanchoNet testnet to refine governance mechanisms and build an inclusive and robust system.

ADA Price Decline and Market Sentiment

Despite these development strides, the price of ADA has faced downward pressure, declining over 45% since its March peak. Cardano recently surrendered its market capitalization throne to Dogecoin (DOGE), falling to the ninth position. Nonetheless, analysts view the current price range as a significant accumulation zone, potentially signaling an upcoming price reversal.

In a YouTube video, popular crypto analyst Dan Gambardello addressed the prevailing sentiment surrounding Cardano, referring to it as the "Cardano dead season." Despite the current downturn, Gambardello emphasized that such phases have been common in Cardano's history, citing previous market fluctuations that preceded strong price rallies. He highlighted Cardano's fundamental strength, particularly the upcoming Chang hard fork, as reasons for long-term optimism.

Gambardello asserted that the "next move up" for ADA will be driven not by hype but by the fact that Cardano is one of the most secure, decentralized, and scalable blockchains in the crypto space.

"The next move up for ADA is predicated on fundamentals as a top blockchain," he stated.

In an earlier tweet, Gambardello hinted at the potential for ADA to surge over 10x from its current value.

"Same cycle as now, Cardano is down 90% from ATH. Many saying it's a dead ghost chain. Then it goes up 3,000% from $.10 to $3.00. Now, same part of cycle is down 85%. It's more secure, decentralized and scalable. Be patient," he wrote.

Similarly, analyst The Astronomer has expressed optimism, noting the current support level on ADA's chart and projecting a potential 280% surge in the next upswing, with a minimum target of around $1.70.