Cardano's Chang upgrade went live on 1st September transforming ADA into a governance token. This upgrade allows ADA holders to have a direct say in the future of the Cardano community, which many believe could lead to price appreciation.

$ADA is currently trading at $0.3181, down 3.76% over the last 24 hours, according to CoinMarketCap. The community is split, with 72% feeling bullish about ADA's prospects, while 28% remain bearish. The trading volume has surged by 57.50% in the last 24 hours, indicating increased market activity and interest in ADA.

Turning Cardano's ADA token into a governance token seems like a strategic move, especially given its strong community presence globally. By making ADA a governance token, Cardano is empowering its global community to have a say in the network's future. This could increase engagement and loyalty among ADA holders, as they can now influence decisions that shape the platform.

Nonetheless, can this upgrade shoot ADA to $0.50 within the next two weeks? Historically, major network upgrades have led to positive price movements for many cryptocurrencies. The new governance feature might create structural demand as more people stake their ADA to influence Cardano's future. This could, in theory, drive up the price. With the crypto market's volatility, predicting ADA's short-term price action remains challenging.

So, what do you think? Will the Chang upgrade push ADA to $0.50 in two weeks?
Cast your vote and share your prediction https://app.nodo.xyz/poll/will-cardano-s-upgrade-push-ada-to-05-in-two-weeks