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Cardano Strengthens Decentralization
Cardano has achieved a significant milestone in its governance evolution by ratifying the Cardano Constitution, following the successful Plomin hard fork on January 29, 2025.
This foundational document establishes clear rules, transparency, and accountability within the network’s decision-making processes. Set to be fully enacted on February 23, 2025, the Constitution empowers ADA holders to actively participate in governance directly or through Delegated Representatives (dReps).
This development marks a pivotal shift toward decentralized, community-driven management of the Cardano blockchain.
ADA Price Analysis
ADA’s 4-hour chart illustrates a clear Elliott Wave structure, with a completed five-wave impulsive move peaking at $1.30 in December 2024, followed by an ABC correction. The corrective wave concluded at $0.53, aligning with the 0.786 Fibonacci retracement level. Since then, ADA has been attempting to recover, forming a potential symmetrical triangle pattern.
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