When Cardano's 'Hydra' emerges, are you also wondering: could this be the killer feature that allows Cardano (ADA) to surpass Ethereum (ETH)? Reportedly, Hydra, as Cardano's latest scalability solution, has already helped ADA's price soar past the $1 mark, making Cardano a center for scalable decentralized applications (dApps), posing a potential threat to Ethereum's dominance.
Looking back, although ADA has fallen by 65% from its peak, holders are still confident, with 90% bullish. Compared to Ethereum, ADA's price is more friendly, and its continuous ecosystem development has put unprecedented pressure on Ethereum. The addition of Hydra undoubtedly marks a qualitative leap in Cardano's scalability, providing a more ideal choice for dApp developers.
Take a look at Ethereum, which has been struggling with network scalability; transitioning from Proof of Work (PoW) to Proof of Stake (PoS) has not completely resolved this issue. In contrast, Cardano's Hydra allows developers to easily build faster and more widely accepted dApps. Wouldn't this entice developers to shift to Cardano?
Taking another look at ADA's price trend, it has risen from around $0.35 for several months to the current price of $0.91, an increase of over 50%, and it remains on an upward trend. Market observers even predict that with increased whale activity in the Cardano ecosystem, ADA may aim for the $2 mark in the short term.
Moreover, the founder of Cardano has confirmed that with the launch of Hydra, ADA is expected to reach new heights in 2025. Hydra will provide developers with a unique scalability tool, making transactions on Cardano cheaper, faster, and more secure. Isn't that enough to make Ethereum feel anxious?
In contrast to Ethereum, despite its price once breaking through $4000, it has consistently failed to effectively surpass the $4000 mark due to scalability issues, with three attempts resulting in failure. Market observers are pessimistic about whether Ethereum can challenge the $5000 to $6000 range during this bull market. The high fees caused by network congestion have also deterred investors.
Meanwhile, competitors like Cardano are rising, and Ethereum's price growth may face more challenges. Large-scale adoption by institutions requires sufficient liquidity to drive price increases.
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