Cardano Price Prediction As Crypto Pundits Compare ADA with ETH and L2s

Cardano price increased over the last 12 hours following the successful completion of the Chang hard fork. The network officially ushered in decentralized governance, which gives the users of the network 100% ownership of the chain and allows them to decide the direction it takes. Cardano Founder and developers have received accolades from crypto experts on the bold move, while Ethereum came under heat for remaining mostly centralized. 

Cardano Price After Chang Upgrade

In the hours following the Chang upgrade, the ADA price surged 2.45% before retracing shortly and moving higher. Overall, the Cardano price is up 3.23% from its weekly bottom on September 2. 

Data from Santiment shows that the network realized profit/loss increased on August 27, while the price declined in the same period, indicating that investors might have been selling their assets to realize profits.

The increase in realized profits suggests that many investors are still in profit despite the price drop. This is because of the previous surge in price that peaked on August 24 at $0.40.

Coinglass data shows futures traders are entering longs in the daily timeframe, which suggests that they are optimistic that Cardano price will move higher. 

Additionally, the daily and weekly Cardano Relative Strength Index (RSI) hit a low of 42 and 40, respectively, showing that Cardano is still in the neutral zone but slightly below the mid-level.

Can ADA Price Outdo ETH and Layer 2s?

Following the launch of Chang Hard Fork, crypto experts have taken X to compare Cardano with Ethereum and other Layer 2 solutions. According to Justin Bons, the founder and CIO of Cyber Capital, the promise that L2s will decentralize in the future must be improved.

1/9) Promising to "decentralize" in the future is not good enough!

As all major L2s can steal & censor user funds right now!

All while scalable L1s do everything better than L2s by being faster, cheaper, easier, & more secure

L2 centralization is a slippery slope to nowhere 🧵

— Justin Bons (@Justin_Bons) September 2, 2024

Cardano has outperformed Optimism (OP), Arbitrum (ARB), and Polygon (MATIC) combined for the last three months.

Now that Cardano is a decentralized network, the development rate may surge as the community unites toward building a robust chain. While Ethereum’s mainnet enjoys over 800,000 active validators, Optimism, and Arbitrum rely on a single party, the Sequencer, for block production.

The Cardano price has formed a falling wedge on the 4-hour timeframe, threatening to break out. This breakout could lead to an 18% price surge, pushing past the 50-day exponential moving average (EMA) to the $0.40 target, where the first resistance level lies. If the price surpasses this resistance, it could extend gains by 11% to $0.44, breaking above the 200-day EMA and shifting the trend from bearish to bullish.

However, if the Cardano price fails to break out above the falling wedge, it may signal market weakness, potentially dropping further to $0.3132 and $0.2425, where the next support levels are located.

The Cardano Chang hard fork has earned the trust of most investors and crypto experts. While the price is slowly reacting to this development, more volume may be needed to confirm the breakout.

Frequently Asked Questions (FAQs)

1. What is the impact of the Chang hard fork on the Cardano price?

The Chang hard fork has positively impacted Cardano's price, leading to a 3.23% increase from its weekly low on September 2. The hard fork has introduced decentralized governance, giving users full ownership of the network and the ability to influence its direction.

2. Can ADA outperform Ethereum and Layer 2 solutions like Optimism (OP), Arbitrum (ARB), and Polygon (MATIC)?

Cardano has outperformed OP, ARB, and MATIC combined over the past three months. With the completion of the Chang hard fork, Cardano's development rate is expected to accelerate, potentially positioning it as a strong competitor against Ethereum and Layer 2 solutions.

3. Why are futures traders optimistic about the Cardano price?

Coinglass data shows that futures traders are entering long positions, suggesting optimism about Cardano’s price moving higher in the near term, especially following the successful Chang hard fork.

✓ Share:

• Trending
• Price Analysis

• XRP Whales Dump 40M Coins Despite ETF Anticipation, Here’s Why
• Ethena Labs Exits Hyperliquid USDH Bid as Polymarket Traders Back Native Markets
• Save the Planet & Win Big: Chimpzee’s Charity Tickets Change the Game
• Economists Predicts 25bp Fed Rate Cut Over 50bp, Expects Additional Cut Before Year-End
• Gemini IPO News: GEMI Stock Set for Blockbuster Nasdaq Debut on Multiple Catalysts

• SHIB Price Forecast as LEASH V2 Rollout Expands Cross-Chain — Is a 200% Rally Ahead?
• BNB Price Forecast as Binance–Franklin Templeton Deal Strengthens Path to $1,500
• Pi Network Price Wyckoff Theory Signals a Surge as One Whale Keeps Buying
• ETH Price Prediction As Bitmine and SharpLink Continue ETH Buying Spree- Analyst Predicts $7K Next
• AVAX Price Prediction as Avalanche $1B Treasury Gains Momentum – Is $55 in Sight?

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Evans Karanja

Evans Karanja is a crypto analyst and journalist with a deep focus on blockchain technology, cryptocurrency, and the video gaming industry. His extensive experience includes collaborating with various startups to deliver insightful and high-quality analyses that resonate with their target audiences. As an avid crypto trader and investor, Evans is passionate about the transformative potential of blockchain across diverse sectors. Outside of his professional pursuits, he enjoys playing video games and exploring scenic waterfalls.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.