Cardano: 71M ADA Backs Protocol Version 11 Hard Fork
Cardano secures 71.28 million ADA yes vote on van Rossem Hard Fork to Protocol Version 11, boosting Plutus performance at $0.17 price level.
SourceAnalysis
Cardano delegate @ItsDave_ADA cast a 71.28 million ADA yes vote for the Protocol Version 11 van Rossem Hard Fork, advancing the intra-era upgrade that unifies built-ins, adds native case expressions and unlocks ZK-SNARK capabilities while slashing script execution costs.
Price sits at the EMA50 support of $0.17 with the EMA200 overhead at $0.18, confirming the broader bearish structure, yet the MACD golden cross at -0.0 signals building momentum while RSI at 42.15 remains neutral and price trades inside the Bollinger band at $0.17 resistance and support; this confluence points to a likely consolidation before any sustained directional move, directly informing near-term ADA price prediction models focused on Plutus performance upgrade catalysts.
Dave
@ItsDave_ADACardano ecosystem contributor operating the DAVE Stake Pool and serving as a DRep in network governance.