Cardano Surges 4% Amid Upgrades and Treasury Proposal Clearance

Cardano's price is experiencing a surge, increasing by 4% in the last 24 hours to $0.164. This growth comes despite a 3% drop in trading volume to $339 million.

The market capitalization of Cardano now stands at just under $6 billion, with Charles Hoskinson and other leaders working on clearing out nearly 600 million ADA worth of treasury proposals. This could fund new projects and upgrades across the network.

Looking ahead to 2027, several major upgrades are planned for Cardano, including the Van Rossem Hard Fork and Ouroboros Leios. These updates aim to improve the network's scalability and competitiveness with other big blockchains.