Cardano's ADA token is experiencing a notable price increase today as the network prepares for a significant transition to full decentralized governance with the Plomin hard fork. This upgrade, set to activate later today, will grant ADA holders direct voting power over key blockchain decisions, marking a shift from centralized decision-making to a community-driven model. The anticipation surrounding this milestone has generated optimism among investors, as it represents a major step in Cardano's roadmap towards enhancing scalability, usability, and interoperability. "Tonight, Cardano evolves," the Cardano Foundation announced, highlighting the importance of this transition in blockchain governance.
The Plomin hard fork has been a focal point for the Cardano community, with over 85% of stake pools upgrading to the new protocol and more than 51% of stake pool operators voting in favor of the upgrade. This collective effort underscores the community's commitment to the network's evolution and the potential for increased adoption and price appreciation. The hard fork is expected to improve the network's functionality and performance, which could further bolster investor confidence and drive ADA's price higher.
Cardano's ADA token has surged by 3.98% today, reaching a current price of $0.952596. The token's price fluctuated between a low of $0.906624 and a high of $0.955850 throughout the day.