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Cardano Promises Governance Changes After Plomin Hard Fork

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Cardano is fully entering the Voltaire era of decentralized governance, and it released a roadmap to explain the rollout of these changes. It identifies three categories that require meaningful upgrades: scalability, usability, and utility.

The Plomin hard fork takes effect today after a successful proposal to the Cardano Foundation. This promises to completely change the blockchain’s governance model with a more decentralized focus.

Cardano Enters a New Governance Era

Charles Hoskinson, founder of Cardano, claimed that the network’s era will be defined by community governance, with increased transparency and autonomy. The roadmap also details several important upgrades, such as ZK rollups and data API services, to make the blockchain more scalable.

The roadmap also detailed an on-chain fund, ‘Catalyst,’ that will help bootstrap the development of Dapps and other projects on the network.

However, it seems clear that governance changes are a key priority for developers. In December, Hoskinson criticized the Cardano Foundation’s governance model and co-authored a proposal to significantly change it.

This proposal just passed, marking the Plomin hard fork and a comprehensive restructuring in the new Voltaire era.

Tonight, Cardano evolves. The Plomin hard fork takes effect, marking the transition to full decentralized governance. ADA holders gain real voting power—on parameter changes, treasury withdrawals, hard forks, and the blockchain’s future. A milestone in blockchain governance,” the Cardano Foundation announced today.

These governance changes are quite timely for Cardano. Although its ADA token showed strong price momentum in early January, this has since fizzled. Whales poured $140 million into ADA in response to a buy signal, but bearish trends turned into a full-blown rout.

The Plomin hard fork brought a slight recovery, but it hasn’t overcome this negative momentum.

Cardano (ADA) Monthly Price Chart. Source: BeInCrypto

Although these governance changes are popular with the community, developers are still setting ambitious goals for Cardano upgrades.

The roadmap claims it will add Layer 2 state channels to Hydra, its scaling solution. It will also develop Layer 2 rollups, new consensus protocols, and signature certificates to improve scalability.

The developers’ goals for usability and utility are less well-defined compared to scalability. The roadmap’s action items for these topics are much more limited, focusing on enhancing developer tools.

Regardless, it’s clear that Cardano is undergoing an overhaul, and the network is likely to become more scalable and utility-driven in the future.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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HBAR Futures Traders Lead the Charge as Buying Pressure Grows

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Hedera Foundation’s recent move to partner with Zoopto for a late-stage bid to acquire TikTok has sparked renewed investor interest in HBAR, driving a fresh wave of demand for the altcoin.

Market participants have grown increasingly bullish, with a notable uptick in long positions signaling growing confidence in HBAR’s future price performance.

HBAR’s Futures Market Sees Bullish Spike

HBAR’s long/short ratio currently sits at a monthly high of 1.08. Over the past 24 hours, its value has climbed by 17%, reflecting the surge in demand for long positions among derivatives traders. 

HBAR Long/Short Ratio
HBAR Long/Short Ratio. Source: Coinglass

An asset’s long/short ratio compares the proportion of its long positions (bets on price increases) to short ones (bets on price declines) in the market. 

When the long/short ratio is above one like this, more traders are holding long positions than short ones, indicating bullish market sentiment. This suggests that HBAR investors expect the asset’s price to rise, a trend that could drive buying activity and cause HBAR’s price to extend its rally. 

Further, the token’s Balance of Power (BoP) confirms this bullish outlook. At press time, this bullish indicator, which measures buying and selling pressure, is above zero at 0.25. 

HBAR BoP.
HBAR BoP. Source: TradingView

When an asset’s BoP is above zero, buying pressure is stronger than selling pressure, suggesting bullish momentum. This means HBAR buyers dominate price action, and are pushing its value higher. 

HBAR Buyers Push Back After Hitting Multi-Month Low

During Thursday’s trading session, HBAR traded briefly at a four-month low of $0.153. However, with strengthening buying pressure, the altcoin appears to be correcting this downward trend. 

If HBAR buyers consolidate their control, the token could flip the resistance at $0.169 into a support floor and climb toward $0.247.

HBAR Price Analysis
HBAR Price Analysis. Source: TradingView

However, a resurgence in profit-taking activity will invalidate this bullish projection. HBAR could resume its decline and fall to $0.129 in that scenario.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Bitcoin is Far From a Bear Market But not Altcoins, Analysts Claim

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Welcome to the US Morning Crypto Briefing—your essential rundown of the most important developments in crypto for the day ahead.

Grab a coffee to see how Bitcoin is holding firm above $79,000 despite a sharp equities sell-off. Markets are bracing for the March NFP report and rising recession risks. With Fed rate cuts on the table and ETF inflows staying strong, all eyes are on what’s next for macro and crypto markets.

Is Bitcoin in a Bear Market?

The highly anticipated March U.S. non-farm payrolls (NFP) report is due later today, and it’s expected to play a key role in shaping market sentiment heading into the weekend.

“With the key macro risk event now behind us, attention turns to tonight’s non-farm payroll report. Investors are bracing for signs of softness in the U.S. labour market. A weaker-than-expected print would bolster the case for further Fed rate cuts this year, as policymakers attempt to cushion a decelerating economy. At the time of writing, markets are pricing in four rate cuts in 2025—0.25 bps each in June, July, September and December,” QCP Capital analysts said.

Traditional markets are increasingly pricing in a recession, with equities retreating sharply—a 7% decline overall, including a 5% drop just yesterday. This broad de-risking environment helps explain the current pause in crypto inflows.

On the derivatives front, QCP adds:

“On the options front, the desk continues to observe elevated volatility in the short term, with more buyers of downside protection. This skew underscores the prevailing mood – uncertain and cautious.”

However, they also note that “with positioning now light and risk assets largely oversold, the stage may be set for a near-term bounce.”

Bitcoin remains resilient despite market volatility, holding above $79,000 with strong ETF inflows and signs of decoupling from stocks and altcoins. According to Nic Puckrin, crypto analyst, investor, and founder of The Coin Bureau: “Bitcoin is nowhere near a bear market at this stage. The future of many altcoins, however, is more questionable.”

Chart of the Day

Changes of a US Recession in 2025.
Changes of a US Recession in 2025. Source: Polymarket.

Chances of a US Recession in 2025 jumped above 50% for the first time, currently at 53%.

Byte-Sized Alpha

Major ETF issuers are buying Bitcoin, with $220 million in inflows showing strong confidence despite volatility.

Futures show bullish BTC sentiment, but options traders remain cautious, signaling mixed market outlook.

Coinbase is launching XRP futures after Illinois lawsuit relief, signaling growing regulatory support for crypto.

– Despite Trump’s tariff-driven crash, analysts see potential for a Bitcoin rebound—though inflation may cap gains.

– The Anti-CBDC bill passed a key House vote, aiming to block Fed-issued digital currencies and protect privacy.

– Today at 11:25 AM, Fed Chair Jerome Powell will deliver a speech on the U.S. economic outlook.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Cardano Price Recovery Next As Whales Buy 230 Million ADA

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Cardano has experienced a tough period, with the failed price recovery and declining market conditions. However, the recent buying behavior of whales and the potential for a price surge suggest a change in momentum.

If Cardano (ADA) can break through the $0.70 level, it could signal the end of the bearish sentiment.

Cardano Whales Are Hopeful

Over the past 72 hours, whales holding between 10 million and 100 million ADA have accumulated over 230 million ADA, valued at over $150 million at current prices. This shift from selling and staying neutral to accumulation indicates a shift in sentiment, with whales optimistic about ADA’s potential for Q2 2025. Their recent activity signals confidence in the altcoin’s recovery despite the recent market struggles.

Whale accumulation is often a bullish indicator as these investors have significant influence over the market. The accumulation is crucial, as it provides the support needed for ADA to break through resistance levels.

Cardano Whale Holding
Cardano Whale Holding. Source: Santiment

The liquidation map for Cardano shows that approximately $15 million in short contracts will expire as soon as ADA rises above the $0.70 level. This presents a key opportunity for the altcoin. Short-sellers may be forced to close their positions, which could lead to a short squeeze and drive the price higher. 

Potential liquidation of short positions may create upward pressure, preventing further declines and allowing ADA to recover. The combination of whale accumulation and the looming liquidation of short contracts could provide Cardano with the momentum it needs to break free from its recent downtrend.

Cardano Liquidation Map
Cardano Liquidation Map. Source: Coinglass

Can ADA Price Breach $0.70?

At the time of writing, Cardano’s price is at $0.65, holding above the crucial $0.62 support level. The altcoin has struggled in recent weeks, but the whale-buying activity offers hope for recovery. A breach of the $0.70 barrier could lead to further upward movement.

Should ADA successfully break through $0.70, it could gain the necessary momentum to continue its recovery. Flipping $0.77 into support would provide an additional boost, positioning Cardano to regain recent losses and possibly challenge higher resistance levels.

Cardano Price Analysis.
Cardano Price Analysis. Source: TradingView

However, if Cardano fails to breach $0.70, the price may return to the $0.62 support level. Losing this support would invalidate the bullish outlook and send ADA to a lower level of $0.58, extending the ongoing decline.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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