Cardano Readies For Chang Upgrade, Here Are Important Things That Could Affect The ADA Price
Cardano (ADA) is gearing up for the Chang upgrade, which is expected to significantly impact its price. Investors have now set eyes on Cardano (ADA) as a potential gainer with a possible bull market ahead.
Meanwhile, the new platform ETFSwap (ETFS) has taken the market by storm, raising millions on its impressive presale run. The new ETF trading platform is offering its token for cheap on its presale, and investors are scrambling for entry ahead of launch. Experts believe that ETFSwap (ETFS) could be the biggest breakout crypto in 2024.
Cardano (ADA) Expected To Release Date For Chang Upgrade Soon
Cardano (ADA) has not particularly been exciting in the current market rally, with investors showing their displeasure on the network over the past months. However, experts believe that the upcoming Chang update could be a significant price catalyst for the cryptocurrency.
70% of the nodes on the Cardano (ADA) network have signaled readiness to upgrade to the new version. The Chang fork is expected to improve coordination and decentralization amongst nodes. The Cardano (ADA) upgrade promises a transformative advancement that allows any ADA holder to submit or participate in the voting process for governance actions.
Investors are generally optimistic about a Cardano (ADA) uptrend following the upgrade, as the cryptocurrency has shown similar price trends in the past. Cardano (ADA) rallied in the previous bull run following multiple network upgrades, presenting the network as a contender and alternative to the Ethereum blockchain.
Cardano (ADA) is trading at $0.3409 as of this writing, showing a small 16% price gain over the past year. The growth in the past year is underwhelming compared to other popular dApp blockchains in the market. However, experts believe that it may be Cardano’s time for a rally as node operators are prepared for the upgrade.
Amid the news on Cardano, the new ETF trading platform ETFSwap (ETFS) has emerged as a contender for market gains. News sources report millions raised on its ongoing presale.
Crypto Investors Scramble For Entry On The ETFSwap (ETFS) Presale; See Why
Market momentum is shifting towards tokenization and real-world assets, and ETFSwap (ETFS) is predicted to be a major beneficiary of this trend. The growth around ETFs in the past several months and TradFi’s increasing involvement in the crypto landscape present massive growth prospects for industry visionaries.
ETFSwap (ETFS) is an exciting new platform that aims to democratize access to the ETF market and allow global accessibility beyond the limitations of centralized markets. The new DeFi aims to bridge the TradFi asset on-chain, allowing for the implementation of unique features and true decentralized, permissionless trading.
This model eliminates the challenges faced with trading ETFs on centralized markets, such as market trading hours, KYC restrictions, limited convertibility, and low liquidity. The new ETFSwap (ETFS) will leverage the Ethereum network to facilitate 24/7 trading, fast ETF settlements, permissionless trading, lower trading costs, passive income from staking yields, access to liquidity, and many more.
Additionally, ETFSwap (ETFS) will operate as a comprehensive trading platform for cryptocurrencies and ETF assets, with access to advanced trading tools and real-time market data. This includes access to market-making opportunities and futures trading with up to 50x leverage on assets.
Prospective users are excited about the impressive features of the upcoming platform and look forward to claiming early access at the beta launch. ETFSwap (ETFS) has also announced plans to launch its own ETF, which could be a major driver for liquidity and seems enticing to early investors.
On a side note, ETFSwap (ETFS) also completed a KYC audit with SolidProof, and the identity of each team member was verified.
Conclusion
The proposed Chang upgrade is expected to exert some influence on Cardano (ADA) price, and experts continue to wait as the developments unfold. However, investors have found an immediate market opportunity on the ETFSwap (ETFS) presale. Experts believe that the new ETF platform is poised for a 50,000% amid catalyzing market conditions.
Seize the opportunity to get in now at $0.01831 before the presale price rises to $0.03846.
For more information about the ETFS Presale:
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
