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TL;DR
- Binance will support Cardano’s Plomin hard fork upgrade.
- Despite the company’s upcoming temporary suspension of ADA transactions, the asset’s price remains rather unaffected, with mixed analyst predictions on its next move.
The Network Upgrade
The world’s biggest cryptocurrency exchange announced that it will temporarily halt the deposits and withdrawals of tokens on the Cardano (ADA) network on January 29. The effort aims to support its network upgrade and hard fork “to ensure the best user experience.” Token trading will not be impacted, and the company will carry out all technical requirements for users.
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