Cardano's Plomin hard fork recently went live, introducing on-chain governance. The most significant change coming to Cardano with Plomin is the implementation of Delegate Representatives (dReps), who will vote on governance matters on behalf of ADA holders.
TL;DR Avalanche transaction fees dropped by 75% after the December upgrade, making the network more affordable. The number of transactions increased by 38%, reaching an average of 354,691 per day, reflecting a high level of adoption.
Avalanche, a decentralized finance (DeFi) focused smart contract blockchain, saw a significant decrease in transaction costs following its December 16th upgrade, known as Avalanche 9,000. This upgrade has successfully reduced usage fees by approximately 75%, making it more affordable for users.
Less than 24 hours after the much anticipated Plomin hard fork, Cardano (ADA) has recorded notable price movement on the broader cryptocurrency market. ADA's price registered a 5% surge that saw it trade at $0.97 as investors flocked in.
Cardano remains entrenched in a consolidation phase within a triangle pattern, with critical support at the 100-day MA. The ongoing sideways action suggests that the next phase could be a bullish breakout, contingent on the market maintaining current support levels.
The crypto market is showing signs of recovery, with XRP rivals gaining traction among investors. Ripple price surged 480% in the past year, highlighting the potential for altcoins priced under $1.
Donald Trump has been accumulating Ethereum (ETH) over the past few weeks, causing people to wonder what his plan is with crypto. His World Liberty Financial just another $10 million worth of ETH amid the ongoing downtrend. On the other hand, IntelMarkets (INTL), a relatively new AI-based coin, has risen by over 810%.
BTC added nearly 3% in the past 24 hours after the FOMC meeting, reversing all losses from a Monday bloodbath that saw prices drop as much as 8%.
The Plomin Hard Fork marks a major shift for Cardano, placing governance in ADA holders' hands. Will this drive adoption?
The historical highs are still distant, but there is room for significant growth even in the medium-short term.
The upgrade was designed to make Avalanche cheaper. It worked.
Cardano's price might not be moving much right now, but there's huge news. Cardano has just completed a major milestone: the Plomin Hard Fork, which means it is now fully decentralized.
Litecoin, Cardano, and Sui are the hottest cryptos today, with LTC breaking out of a bull flag, ADA forming a BARR bottom, and SUI eyeing a 140% rally.
Cardano has achieved a major milestone with the activation of the Plomin hard fork, marking its transition to fully decentralized governance. The Cardano Foundation confirmed the successful upgrade, granting ADA holders significant voting rights on key blockchain decisions, including parameter changes, treasury withdrawals, and hard forks.
Cardano (ADA) is showing signs of resilience. Currently priced at $0.9424, ADA has dropped by 1.56% over the past 24 hours, but it has seen an overall gain of 5.47% in the past week.
Cardano's ADA has experienced significant volatility over the past week, with broader market turbulence playing a role in its price action. A notable factor contributing to the downturn was China's DeepSeek, which triggered a risk-off sentiment across the crypto market.
Plomin comes just four months after Cardano's Chang hard fork, which put many of the mechanisms in place for Wednesday's upgrade.
Cardano is set to activate the Plomin hard fork later Wednesday, ushering in a new era of decentralization for the blockchain network.
Cardano's Plomin hard fork is set to go live late Wednesday, letting ADA token holders participate in network governance.
Cardano is fully entering the Voltaire era of decentralized governance, and it released a roadmap to explain the rollout of these changes. It identifies three categories that require meaningful upgrades: scalability, usability, and utility.
Cardano Foundation CTO Giorgio Zinetti joins CoinDesk with the latest update on the Plomin hard fork deployment, which has switched the blockchain to decentralized governance. Plus, insights into the voting system and Cardano's global influence.
Bitcoin's volatility is likely to pick up following Fed Chair Jerome Powell's comments, but the potential direction of the price move remains elusive to most traders.
Cardano is set to activate the Plomin hard fork by 21:44 UTC on Jan. 29, ushering in a new era of decentralization for the network. This upgrade, confirmed in a Jan. 29 statement shared with CryptoSlate, grants ADA holders direct voting power over critical network decisions, including parameter adjustments, treasury withdrawals, and hard forks.
TL;DR Cardano activates the Plomin hard fork, granting ADA holders voting power on important decisions within the network. The update met the requirements for stake pool participation and the Interim Constitutional Committee. ADA fell by more than 3.4% in the last 24 hours, as the market continues to evaluate the impact of the update.
The Cardano blockchain is set to undergo an upgrade with the launch of the Plomin hard fork on January 29, 2025, at 21:45 UTC. The hard fork is meant to steer Cardano's transition toward a fully decentralized governance, as confirmed in a recent post by the Cardano Foundation on X.
Cardano is taking a major step toward decentralized governance with the activation of the Plomin hard fork. This upgrade gives Cardano (ADA) holders direct voting power over key blockchain decisions, including protocol changes, treasury management, and governance proposals.
The Plomin hard fork, set to go live on Wednesday, marks a significant milestone for Cardano by enabling decentralized governance.
Cardano is set for a major milestone as the blockchain network looks to evolve with fully decentralized governance. On January 29, the Cardano Foundation announced the Plomin hard fork, a blockchain upgrade that introduces key governance changes to Cardano (ADA), takes effect “tonight”.
The latest Cardano hard fork introduces new governance actions such as protocol upgrades and treasury withdrawals.
Today is a big day for Cardano, as the much anticipated Plomin Hard Fork is set to be enacted tonight. According to Intersect, the mainnet hard fork governance action has been successfully ratified on-chain.
Cardano's Plomin hard fork brings full decentralized governance, giving ADA holders voting power over key blockchain decisions.
Cardano price has consolidated this year, but numerous technical patterns point to a potential rebound. ADA is now in the fourth Elliot wave phase, has formed a triple-bottom and a bullish pennant.
The downward momentum on Cardano price seems to be weakening amid broader market recovery. Is ADA about to reverse from consolidation?
This update represents a significant evolution for the entire ecosystem.
This upgrade marks a pivotal moment, giving ADA holders more control over the network's future. With the official draft of the Cardano constitution signed in December 2024, the next step is an on-chain vote by the community and Delegated Representatives (DReps).
Cardano is set to launch Plomin Hard Fork later today to further strengthen the ecosystem's governance. ADA holders will then hold real voting power.
The cryptocurrency market is navigating a correction, with leading assets experiencing a pullback following recent gains. Bitcoin (BTC) is trading at $102,584.12, down 0.27% over the past 24 hours, while still maintaining a 2.77% gain over the past week. Ethereum (ETH) has declined to $3,141.78, reflecting the overall bearish sentiment.
As Dogecoin and AVAX failed to gain momentum, experts speculate IntelMarkets could surpass these well-established coins with its massive 45,000% growth potential.
A hard fork is a non-backwards compatible change to the blockchain's programming.
The crypto market is currently full of expectations as investors are waiting for the next big price pump. Saint Pump forecasts the Solana price could surge to $500. Also, Beastlyorion says ADA's value might pump $5.7.
Cardano's price has taken a hit over the past week, dropping nearly 10%. While the broader cryptocurrency market has also been experiencing a downturn, ADA's price fall can largely be attributed to a significant decline in whale activity.
The crypto market is buzzing as Avalanche (AVAX) sets its sights on $75, SUI eyes a climb past SHIB, and Lightchain AI emerges as the next high-potential coin for exponential growth.
Solana (SOL) and Cardano (ADA) gather steam after the latest downturn; industry experts tip DTX Exchange (DTX) for huge gains considering its blend of DeFi and TradFi.
Cardano (ADA) has continued to fight to hit the $1 level. The momentum on the market has pushed Cardano to rank as the 9th-biggest cryptocurrency by market capitalization, currently valued at $33 billion.
"Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable," Binance said.
The cryptocurrency market is currently facing a downturn, with major coins experiencing notable price drops. Bitcoin (BTC) is trading at $102,584.12, down by 0.27% over the past 24 hours, though it still shows a 2.77% increase over the last week. Ethereum (ETH) has dropped to $3,141.78. Cardano (ADA) has fallen to $0.9424, showing a 1.
Solana, Avalanche, and MOVE are testing crucial technical levels. SOL sees $500, AVAX eyes $100, and MOVE targets a breakout above $0.83.