Cardano (ADA) Takes Center Stage In Social Media Buzz

Cardano (ADA) and Bitcoin (BTC) are leading social media engagement, according to cryptocurrency analytics firm Santiment. Cardano’s founder, Charles Hoskinson, announced the network is nearing the Chang hard fork.

Hoskinson described the upcoming hard fork as the most significant update for Cardano and the broader industry. Cardano plans to implement a new governance model during the “Voltaire” phase of its roadmap, putting the community in charge.

Hoskinson believes Cardano will have the most advanced governance system among blockchains. His positive outlook sparked strong social media engagement, with many users expressing bullish sentiment.

Cardano Modest 0.5% Growth

Despite the online buzz, ADA saw only a 0.5% increase over the past 24 hours, the company noted. Cardano’s native token remains in 11th place, with a market capitalization of $15.6 billion.

Bitcoin is also a hot topic on social media due to its recent price action. Last week, Bitcoin failed to surpass the $72,000 level due to strong jobs data, the company noted.

At the press time, bitcoin is currently trading at $69,920, with bulls and bears vying for the critical $70,000 level. The flagship cryptocurrency generated buzz after its second-highest weekly close.

Social media users are comparing Bitcoin’s market cap to major companies like Apple, according to Santiment.

Furthermore, the author’s views are for reference only and shall not constitute investment advice. Before purchasing, please ensure you fully understand and assess the products and associated risks.