Cardano ADA News: Plomin Hard Fork Activation Marks a Major Milestone

Cardano (ADA) has reached a significant milestone with the successful activation of the Plomin hard fork. Input Output Global (IOG) confirmed the completion of the governance action, meeting all conditions set forth in the Interim Constitution. This achievement follows extensive technical evaluations, both internal and independent, ensuring the network's readiness for this upgrade. Over 85% of active stake pools have already updated to the required client node versions (10.1.3 or 10.1.4), demonstrating strong community support and readiness for the new changes.

Cardano (ADA) Advances with Plomin Hard Fork Activation

Cardano (ADA) has achieved a significant milestone with the activation of the Plomin hard fork. Input Output Global (IOG) confirmed the successful vote on the Plomin Hard Fork governance action, fulfilling all conditions outlined in the Interim Constitution. The decision followed thorough internal and independent technical assessments. Over 85% of active stake pools have updated to the required client node versions (10.1.3 or 10.1.4) to comply with the HARDFORK-04 consensus rules. The Intersect’s Hard Fork Working Group also submitted readiness reports, confirming the network's preparedness for the upgrade. This activation marks a constitutional milestone in Cardano's decentralized governance plan, potentially signaling a new phase of growth and development for the blockchain.

Cardano (ADA) Price Prediction For January 18

As of January 18, 2025, Cardano (ADA) is trading at approximately $1.062, reflecting a slight decrease of 0.08448% from the previous close. Cardano has shown resilience in the market, with ADA trading around $1.10 after a 25.83% increase in the last week. Analysts project ADA to reach approximately $5 by the end of Q1 2025, indicating a potential return on investment (ROI) of around 175%. ADA is holding strong at $1.10, aiming to break the $1.125 resistance level. The Relative Strength Index (RSI) at 61.20 signals bullish momentum with room for further growth before reaching overbought levels. A breakout above $1.125 could push ADA to $1.15 or higher, with support firmly at $1.05. Global regulatory developments concerning cryptocurrencies can impact ADA’s valuation, as favorable regulations may boost investor confidence.

Cardano’s Potential Price Target of $1.7

Cardano [ADA] has recently confirmed a breakout after retesting its key resistance levels, sparking optimism among traders. Trading at $1.07 at press time, following a slight 0.05% hike, the cryptocurrency has seen some renewed strength on the charts lately. This development has set the stage for ADA to potentially hit its next price target of $1.77. However, with technical indicators and market sentiment painting a mixed picture, the question remains whether Cardano can maintain its upward momentum and lead the crypto market to a broader rally. Strong development activity and rising daily active addresses could bolster its long-term growth potential.

Cardano’s Rising Profits Push ADA Whales to Sell

Cardano’s recent price rally has led to a significant increase in realized profits among its holders, reaching a weekly high of $73.33 million on January 15 as ADA’s price approached $1.15. This surge in profits has prompted ADA whales to sell, as indicated by a 90% drop in large holders’ netflow over the week. Large holders, defined as addresses holding more than 0.1% of ADA’s circulating supply, have been distributing their coins, which could lead to a potential decline in Cardano’s price in the coming days.