Cardano Preparations are continuing to present a rule book that can be called an “interim constitution”, representing an important milestone in its growth. does. CEO Frederik Gregaard emphasized the purpose of these rules when sharing this news. Gregaard stated that an interim constitution aims to reflect the values of the global community by addressing the complexities of on-chain governance and is a step towards the transition to a permanent constitution.
According to Gregaard’s statement, Cardano is moving towards a new era of decentralized governance. While the full constitution is expected soon, the interim constitution will include some trials and introductions beforehand. This interim document will create an important framework for the ecosystem.
The Cardano president stated that the interim document focuses on the principles of transparency, openness and responsible decision-making. He also underlined that the documents will enable every ADA holder to contribute to the future of the network.
Additionally, emphasizing that inclusivity is important for Cardano’s proposed governance model, Gregaard said, “Every ADA holder, developer and participant is a community member with the rights, privileges and responsibilities set out in the interim constitution.”
As the impact of the Bitcoin halving continues to be anticipated, Cardano is attracting the attention of global investors. Recent developments for ADA, which has had difficulty exceeding the 1 dollar limit throughout history, show that change is imminent.
According to crypto analyst Dan Gambardello, the “halving” event could trigger a transition into a parabolic phase for ADA and increase its price significantly. Current forecasts call for a 25% increase in ADA’s value by the end of April, with the target peak set at around $0.84. This optimistic outlook is supported by ADA continuing its current momentum and breaking key resistance levels such as $0.47, $0.49, and $0.51.
However, it is stated that if the trend reverses, ADA may face a new pressure around the 50% Fibonacci level. Currently, ADA is trading at $0.503963 with an intraday increase of 7.40%. Its market capitalization stands at $17,942,583,520, representing an increase of 7.28%.
Transaction volume decreased by 6.22% to $539,801,730. According to information from Coincodex, ADA has seen green and closed above its opening price in the last 15/30 days.
