Cardano's Chang hard fork, scheduled for July 2024, aims to decentralize the network's governance completely, empowering the community. This move is intended to make the network more resilient and autonomous.
While the technical changes from the hard fork may not have a direct effect on ADA's price, the anticipation and speculation around the upgrade could influence market dynamics.
Historically, significant upgrades like Alonzo have created buzz and potential price movements, indicating a similar trend might occur with the Chang hard fork.