Cardano Prepares for Chang Hard Fork: Will ADA Benefit from a Potential Rally?

• Shytoshi Kusama reveals his next public appearance destination.
• Visa collaborates with Tangem to enhance crypto usability.
• Cardano anticipates significant changes with the upcoming Chang hard fork.

Explore the latest developments in the crypto world, including Shytoshi Kusama’s public appearances, Visa’s new crypto collab, and Cardano’s major upgrade.

Shytoshi Kusama Announces Next Public Appearance

Shytoshi Kusama, the pseudonymous leader of the Shiba Inu project, recently hosted his inaugural “meet and greet” during the annual IVS 2024 conference held in Kyoto, Japan. Kusama, who maintains his anonymity by donning two masks, a hood, gloves, and oversized black clothing, discussed future projects, the shift from Web2 to Web3, and engaged with SHIB community members. Following the event, Kusama expressed gratitude to both the IVS 2024 organizers and SHIB fans via an X post, where he hinted at Mumbai as his next destination. The community remains speculative if this means another “meet and greet” or merely a visit to the Indian metropolis.

Impact on SHIB Community

The Shiba Inu community eagerly follows each of Kusama’s rare appearances, treating them as significant events. His public engagements have bolstered community spirit and created a deeper connection between the project’s leadership and its supporters. As the hint toward Mumbai generates buzz, it is anticipated that any concrete announcement will further galvanize the SHIB community’s enthusiasm.

Visa Expands Crypto Presence via Tangem Collaboration

Visa has teamed up with Tangem, a prominent hardware wallet manufacturer, to develop a self-custodial payment system tailored for hardware wallets. This innovative product allows users to leverage their crypto holdings for everyday transactions seamlessly. According to Tangem’s CTO, Andrey Lazutkin, users can now open decentralized accounts and obtain non-custodial cards to manage and execute transactions. The deployment of this technology, supported by a Visa-approved patent valid until 2030, is anticipated by the end of 2024.

Enhancing Crypto Usability

This collaboration marks a significant step in integrating cryptocurrency into everyday financial activities. By enabling hardware wallet users to perform regular transactions with their crypto assets, the initiative symbolizes a move towards widespread crypto adoption. It underscores Visa’s commitment to expanding its cryptocurrency footprint and enhancing financial inclusivity through technological innovation.

Cardano’s Chang Hard Fork Poised to Transform ADA

The Cardano community eagerly awaits the upcoming Chang hard fork, scheduled for late July. This upgrade signifies a pivotal shift in Cardano’s governance as it transitions from being overseen by Input Output Global (IOG) to being completely community-driven. Historically, similar significant upgrades have catalyzed surges in ADA’s price. For instance, prior to a major update in 2021, ADA experienced a remarkable price increase of 130%, from $1.35 to $3.10.

Potential for ADA Price Rally

The impending Chang hard fork has sparked speculation of a potential rally for ADA. Historical trends suggest that substantial upgrades often lead to price appreciation. Consequently, as the end of July approaches, the Cardano community remains vigilant, monitoring developments to gauge the hard fork’s impact on ADA’s market performance. Whether this upgrade will trigger a similar price surge remains a focus of anticipation.

Conclusion

These recent developments highlight pivotal movements within the crypto space. Shytoshi Kusama’s public engagements continue to strengthen the Shiba Inu community. Visa’s collaboration with Tangem signifies a significant advance in crypto usability, while Cardano’s Chang hard fork could herald a new era for the ADA ecosystem. These stories collectively underscore the dynamic nature of the cryptocurrency landscape and its evolving impact on global finance.