There has been a significant change in the Cardano (ADA) Community, which is called Plomin Dry Fork. This will help the upgrade Cardano fully move towards decentralized governance. Holders of Ada Cash will now get the right to vote directly on the prediction and decisions of the network, making it a Munity Drivon blockchain. The move will allow users funds to have a direct impact on funds, changes in network parameters and future hard forks. After which it is expected that this new upgrade Cardano (ada) value There may be a boom in.
What is plomin dry form and how it works
Plomin Dry Fork is a large upgrade that makes the network completely decentralized. This upgrade is not compatible with all the previous nodes, that is, everyone must update their software so that they stay connected to the network. In addition, the stake pool operator (SPOS) must update its nodes and for this the acceptance of at least 51% operators is required. According to reports, about 80% of the nodes have already updated, which will make this transition smooth. After this upgrade, ADA holders will get the right to participate directly in governance, making Cardano a “Community-Driven Blockchain”.
Will this new upgrade bounce in Ada Value?
Plomin is an important step for the upgrade cardano network, but its effect has not appeared immediately at the price of ADA. Recently the Ada Value fell nearly 10%, which was mainly due to whale activity. According to reports, large whales have started selling ADA, which has increased pressure on the market. In addition, small holders are also selling it instead of depositing ADA, making a beris trend.
According to technical indicators, ADA’s RSI (Relative Energy Index) is still at 41.49, which shows that the bull pressure is still weak. If the price of ADA keeps falling, Analysis believes it can go to $ 0.82, which will take a new 30 -day all time. However, if the market changes and investors invest in ADA again, Ada Value can jump to $ 1.
However, Cardano is constantly working to add users on its network and increase its engagement, under which recently Cardano partnership with FC Barcelona It was, so that more and more users can connect with Cardano.
Conclusion
Cardano’s Plomin Dry Fork is an important step for the network, as it gives direct voting rights to Ada holders and further strengthens the network’s decentralization process. However, this upgrade has not upgraded the price immediately and ADA is still going through a recession. At this time the price of ADA is trading at $ 0.91 and the change in price in future will depend on market’s sentiments and investors’ decisions.
