Cardano (ADA) Hands Over $681.9M Treasury to the Community, Marking a Step Towards Full Decentralization

This change is part of the upcoming “Chang” hard fork upgrade, which aims to renew interest in the ADA ecosystem and pave the way for future growth.

Cardano’s (ADA) treasury, valued at $681.9 million, will soon be under the complete control of its community, marking a significant step towards full decentralization. This change is part of the upcoming “Chang” hard fork upgrade, which aims to renew interest in the ADA ecosystem and pave the way for future growth.

Cardano’s treasury holds its native ADA tokens, unlike other blockchain protocols that include stablecoins or assets like Bitcoin (BTC) and Ethereum (ETH). This move is also aimed at ensuring the long-term sustainability of the ADA ecosystem.

Founder Charles Hoskinson announced that the ‘Voltaire’ era, signaling the shift to community governance, is underway. This move addresses concerns about the blockchain’s health despite stagnant token prices.

Moreover, ADA is among the eight cryptocurrencies with the largest treasuries in the industry, trailing behind blockchain protocols like Uniswap, Arbitrum, and Ethereum, among others.

In a related development, Finbold provided technical analysis and market projections to ChatGPT-4o for a short-term price prediction.

According to ChatGPT-4o, based on current trends and the upcoming “Chang” hard fork, ADA’s price is expected to be volatile, ranging from $0.35 to $0.44. If the handover to the community, hard fork, and new partnerships succeed, ADA could rally to $0.50 within the next month.

Looking ahead, full decentralization, increased network activity from new decentralized applications (DApps), and partnerships like the one with Argentina could boost investor confidence. If the broader cryptocurrency market remains stable, ADA could reach $0.65 to $0.75 within six months.

Elsewhere, some analysts are bullish on ADA’s future price movements amid these developments. For instance, crypto analyst AV Sebastien, known as Sssebi on X, predicts that ADA could see a major price increase, potentially reaching $3.

This prediction is based on the “Chang” hard fork upgrade, which will introduce new governance mechanisms and boost interest in the ADA ecosystem. Additionally, the partnership with Argentina and new DApps are expected to play key roles in Cardano’s future growth.

As Cardano advances towards full decentralization, its focus on community governance, ecosystem development, and strategic partnerships is likely to play a crucial role in the network’s future success. Investors should closely monitor ADA’s price movements and technical indicators to capitalize on potential gains during this transformative period.

News source：https://www.kdj.com/cryptocurrencies-news/articles/cardano-ada-hands-m-treasury-community-marking-step-decentralization.html

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