According to @ItsDave_ADA, Cardano’s future is steered by on-chain governance and a globally distributed community, underscoring decentralization, source: @ItsDave_ADA. ADA is the staking and governance token in Cardano’s design, making voter participation, proposal volume, and governance upgrade timelines tradable catalysts to monitor, source: Input Output Global documentation. Cardano’s CIP-1694 outlines on-chain governance components including DReps, a constitutional committee, and treasury actions, making governance proposals and turnout key on-chain signals, source: Input Output Global CIP-1694. Traders can track the Cardano Foundation governance portal and Input Output Global updates for official proposals, voting windows, and turnout metrics to inform ADA positioning around governance milestones, source: Cardano Foundation governance portal and Input Output Global updates.

According to @intotheblock, Cardano is preparing for the Chang Hard Fork, expected to occur by the end of July. Historically, before its previous hard fork in 2021, ADA experienced a significant price surge, increasing by 130% from $1.35 to $3.10 within a month. This historical performance suggests that traders might anticipate similar price movements ahead of the upcoming hard fork.