The Cardano Chang Hard Fork, although having not dropped on scheduled, continues to be probably the most bullish development for the ADA price currently. Expectations are that the completion of the hard fork will bring about an ADA price rally that might send it toward its previous all-time high of $3.1. Nevertheless, the query stays of whether the expected rally shall be as momentous because the 2021 rally that followed the Alonzo Hard Fork.

The Legendary 2021 Cardano Rally

In 2021, the Cardano Alonzo Hard Fork was one of the crucial vital events within the crypto market, with the expectation of smart contracts and decentralized finance (DeFi) capabilities finally debuting on the network. This expectation caused the worth to surge because of this.

Within the months leading as much as the hard fork, the Cardano price would go from a low $0.2 to over $3.1. By the point the Alonzo Hard Fork was accomplished in September 2021, the ADA price had already accomplished an over 1,400% run, outperforming the likes of Bitcoin and Ethereum in the peak of the crypto bull market.

The 2021 run highlights the bullishness that surrounds all hard forks on the network and the way it may contribute to the worth increase. An analogous bullishness could follow the ADA price with the expectation of the Cardano Chang Hark Fork, but what happens if it rallies prefer it did in 2021?

Can ADA Price Mirror The 2021 Rally?

The Cardano Chang Hark Fork was expected to occur sometime in Q2, in accordance with founder Charles Hoskinson. Nevertheless, Q2 has come and gone with the top of June and the hard fork is yet to be accomplished. This provides more time for market momentum to accumulate ahead of the actually upgrade.

Now, circling back to the ADA price, expectations are already high that it will push the ADA price to the coveted $1 level. But taking a look at the rally in 2021, an identical rally could see the worth surge higher than the expected $1 price tag.

A 1,400% rally from its current price would put the ADA price as high as $5.7 on the very top of the channel. This is able to also mean that the Cardano price would reach a latest all-time high this yr, if it were to play out similarly to the 2021 hard fork.

On the time of writing, Cardano continues to trend at $0.41, with a 4% increase within the last 24 hours.

Featured image created with Dall.E, chart from Tradingview.com