Recent Santiment research indicates that most social media debates on cryptocurrencies center on Bitcoin (BTC) and Cardano (ADA).
The founder of Cardano, Charles Hoskinson, has made public the approaching Chang hard fork for the proof-of-stake system. Hoskinson thinks this development is vital not only for ADA but also for the overall industry.
Cardano’s road map’s “Voltaire” phase will see a new governance paradigm empower the community. Among all blockchains, Hoskinson claims ADA will have the most sophisticated governance mechanism.
Cardano Social Media Analysis
Hoskinson’s positive declaration has generated a lot of activity on social media, mostly reflecting positive attitude. For ADA, this zeal did not, however, resulted in significant benefits.
Maintaining its rank as the 11th most significant cryptocurrency with a market capitalization of $15.6 billion, the native token of Cardano has seen only a slight 0.5% rise over the past 24 hours.
Bitcoin has attracted interest meanwhile for its latest price swings. Last week, given robust job numbers, the top cryptocurrency battled to top the $72,000 level. Bitcoin is trading right now at $69,920; investors are eagerly observing the struggle around the important $70,000 barrier.
With fans comparing its market capitalization with major companies like Apple, highlighted by Santiment, Bitcoin’s second-highest weekly closing has also spurred debates on social media.
