Cardano (ADA) experienced a 5% price surge following the much-anticipated Plomin hard fork, with the price reaching $0.97 as investors entered the market. Despite experiencing price variations and dropping below the $0.90 support level in the past week, ADA rebounded towards the $1 mark and found support at $0.90. The successful implementation of the Plomin hard fork enables ADA users to vote directly or through a delegated representative, marking a move towards full decentralization in governance. Analysts predict that ADA could quickly reach the $1 mark again, and the increased trading volume indicates renewed investor interest in Cardano. Additionally, Cardano traders demonstrated trust in the protocol's future by committing 1.28 billion ADA in open interest for the Plomin hard fork.



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