Cardano Price Prediction as New Node Version is Released – Can ADA 10x From Here?
Cardano, one of the prominent cryptocurrencies in the market, has recently released a new node version, generating significant excitement among investors and enthusiasts.
With this development, the question arises: Can Cardano (ADA) experience a massive surge of 10 times its current value?
As the crypto community eagerly awaits the impact of the new node version, analysts and investors are closely monitoring Cardano's price movements to assess its potential for substantial growth in the near future.
Cardano developers have recently released an upgrade to enhance the user experience by diminishing epoch transitions on the blockchain.
Epochs, which represent periods on the Cardano network, consist of 432k slots, with each slot lasting one second.
This means that an epoch spans approximately 5 days and serves as the duration during which Cardano tokens are staked, and new blocks are generated.
With the introduction of upgrade 8.1.1, the calculations related to epochs have been modified to accelerate network functions during epoch shifts, resulting in a smoother blockchain experience for users.
Furthermore, this upgrade addresses various issues concerning peer-to-peer network communications and the ADA-based domain name system, further bolstering the network's functionality.
Despite these advancements, the price of ADA has shown minimal fluctuations over the past 24 hours, maintaining a trading value of 25 cents during the European morning hours on Tuesday, as reported by CoinGecko.
The ADA/USD pair is currently grooving at $0.2593, with a 24-hour trading volume of $12.7 billion. ADA has been showing off some dance moves, experiencing a nearly 2% decrease in the past day.
CoinMarketCap knows how to rank the party, placing ADA
Read more on cryptonews.com
