The post Cardano (ADA) Down 10% Despite Chang Hard Fork; Investor Flock To New Altcoin After 100%+ Rally appeared on BitcoinEthereumNews.com.

After the Chang hard fork—a significant update meant to improve its governance and decentralization–Cardano (ADA) experienced a 10% drop in price. As a result, investors have been drawn to fresh prospects, such as Rollblock, the rising new altcoin in GambleFi.  With a stunning 150% increase in the 6th stage of its presale, Rollblock has attracted interest and is redefining the online gaming scene. Let’s dive into why investors are drawn to this new cryptocurrency. Cardano’s post-hard fork challenges As the network moves into the Voltaire age, the recent Chang hard fork was expected to transform ADA. This update was created to empower ADA holders to play a more critical role in decision-making, enabling a more robust blockchain ecosystem. However, the market’s immediate reaction hasn’t been friendly. Led mainly by crypto whales, the hard fork update resulted in a significant sell-off rather than raising ADA’s value. ADA’s value dropped 10% as the market reacted to the increased supply under this “sell-the-news” trend. The immediate impact has been a loss of investor confidence. ADA’s technological foundation is strong despite the current downturn, as continuous developments like the Vasil hard fork improve transaction scalability and efficiency. These developments position ADA well for future growth, but the current market attitude suggests investors are cautious. Driven by ADA’s strong community and continuous growth projects, experts are optimistic about ADA’s long-term prospects and believe ADA may touch new highs by 2025. As ADA navigates these challenges, the immediate gloom has forced investors to seek alternatives after carefully considering the dangers and advantages of their investments. This has led investors to consider Rollblock, the rising star in decentralized gambling. Rollblock: The Rising Star in GambleFi Rollblock (RBLK) is a new altcoin generating waves in the crypto market with its incredible 150% surge as it enters stage 6…

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Filed under: News - @ September 8, 2024 7:04 am