EddieJayonCrypto
29 Jan 25
Binance will support Cardano’s Plomin hard fork upgrade, temporarily suspending ADA transactions on January 29. The asset’s price remains relatively stable despite the suspension, with analysts offering mixed predictions on its future movement. The network upgrade aims to facilitate decentralized go...
Binance will support Cardano’s Plomin hard fork upgrade. Despite the company’s upcoming temporary suspension of ADA transactions, the asset’s price remains rather unaffected, with mixed analyst predictions on its next move. The world’s biggest cryptocurrency exchange announced that it will temporarily halt the deposits and withdrawals of tokens on the Cardano (ADA) network on January 29. The effort aims to support its network upgrade and hard fork “to ensure the best user experience.” Token trading will not be impacted, and the company will carry out all technical requirements for users. The development in question refers to the so-called Plomin hard fork, which is the second part of the Chang upgrade to Cardano. It is named in honor of the late Matthew Plomin, a notable contributor to the Cardano community, and marks a pivotal transition towards full decentralized governance under the Voltaire era. The price of ADA has remained rather steady following Binance’s announcement, trading at approximately $0.94. Many analysts believe ADA could enter a substantial rally in the near future, citing various technical patterns and historical performance. Others made bearish forecasts, claiming enhanced volatility in the crypto market.