Cardano Chang Hard Fork Launches: Intel Markets Presale Outshine Ripple
The post Cardano Chang Hard Fork Launches: Intel Markets Presale Outshine Ripple appeared on BitcoinEthereumNews.com.
Cardano has finally launched its long-awaited Chang hard fork, bringing the network closer to its goal of full decentralization. However, the price of Cardano ADA is still down. Another struggling top crypto, Ripple, has unlocked 1 billion XRP this month. Meanwhile, a new trading platform, Intel Markets, has surpassed $220k in presale, outperforming the competition in the bear market. Cardano (ADA) Chang Hard Fork Goes Live, ADA Stays Down The Cardano blockchain, created by Charles Hoskinson, one of Ethereum’s co-creators, has recently released the Chang upgrade. This upgrade brings the platform one step closer to the decentralized governance model. It is beneficial for ADA token holders because it enables them to engage actively in the platform’s decision-making process, including voting for delegates and voting on significant decisions. Despite this news, the Cardano coin is still trading in the red zone. The ADA coin is trading around the $0.275-$0.400 range. Nevertheless, the market cap of Cardano crypto is still robust. It fluctuates between $10 billion and $15 billion on the monthly chart. Analysts forecast the Cardano price might increase to $0.386053 in the next few weeks. However, it must cross the resistance at the 50-Day SMA ($0.379377) first. Ripple (XRP) Unlocks 1B XRP According to the data from the crypto wallet tracking platform Whale Alert, Ripple, a San Francisco-based enterprise blockchain company, has unlocked 1 billion XRP tokens once again. This practice is part of the company’s monthly ritual to increase the supply of Ripple coin. In the meantime, XRP is trading in the red zone below the 50-day SMA ($0.577813). It has losses of 7.8% on the weekly chart and 4.0% on the monthly chart. Yet, the market valuation of Ripple XRP fluctuates between $22.5 billion and $37.5 billion on the monthly timeframe. Coincodex forecast Ripple price might rise to…
Filed under: News - @ September 3, 2024 3:21 pm