Crypto: Cardano Hits a Milestone with the Plomin Hard Fork

The crypto blockchain Cardano (ADA) has just crossed a key milestone with the Plomin hard fork. This historic upgrade promotes decentralized governance. According to some analysts, it could also propel the price of the crypto asset ADA to new heights. Analysis.

Cardano Deploys 100% Decentralized Governance

The Plomin hard fork marks a turning point for the Cardano blockchain. Specifically, it officially establishes a fully decentralized governance model. Now, ADA holders can vote on key strategic decisions of the crypto ecosystem. This includes:

• modifications to protocol parameters,
• cash withdrawals,
• future hard forks.

The integration of this model requires the approval of staking pool operators (SPOs), who must update their nodes. According to Emurgo, 78% of the network’s nodes were already compatible with the upgrade on January 22. The Cardano Foundation thus confirms this progress by stating that the Plomin hard fork takes effect today.

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.

— Cardano Foundation (@Cardano_CF) January 29, 2025

What Impact on the Price of the Crypto Token ADA?

Despite this significant advance, the ADA price struggles to take off. Trading around $0.91, this crypto asset is recording a decline of 8.2% over the week. In the long term, a bullish symmetrical triangle could, however, propel this cryptocurrency to $1.90. This would represent an increase of 108%.

The key resistance at $0.962 remains a major obstacle. If ADA manages to break through it, a bullish momentum could set in. The crypto would then follow the trend of major cryptocurrencies like Bitcoin and Ethereum. Over a 1-year period, these two digital assets have recorded respective increases of 156% and 38%.

With the Plomin hard fork, Cardano strengthens its ambition for a 100% decentralized cryptocurrency governed by its community. This model could inspire other blockchains, similar to Bitcoin, which relies on a decentralized consensus. If Cardano’s participatory governance functions effectively, it could even become a standard for the crypto industry.