Cardano: This development may offer much-needed comfort to ADA traders

ambcrypto.com:

What can holders or crypto enthusiasts expect fromCardano [ADA] in the coming days? However, a bigger question is could significant updates lead to a much-needed price growth for Cardano’s native token?

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Here’s AMBCrypto’s price prediction for Cardano (ADA) for 2022-23

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Cardano remains one of thebiggest and most-developed L1s within the crypto ecosystem. While Cardano was slow in adding the smart contract functionality, it had a leg up on other L1s in scalability and security. One of the reasons why many projects rely on Cardano over Ethereum is for its smart contracts.

But one special project was SundaeSwap. An automated liquidity provision protocol and decentralized exchange on Cardano that enabled the swapping of SUNDAE and ADA on the SunDaeSwap exchange.

The popular decentralized exchange (DEX) SundaeSwap successfully launched Hydra, a key layer 2 solution to further improve Cardano’s scalability. Although, the team added,

https://twitter.com/SundaeSwap/status/1580969361892085762

Following this, in a tweet, Cardano founder Charles Hoskinson asserted that “Hydra is coming to Cardano one DApp at a time” in response to SundaeSwap’s Hydra demo.

— Charles Hoskinson (@IOHK_Charles) October 15, 2022

Overall, Hydra could be the key layer 2 solutions to further improve Cardano’s scalability layering a new protocol on top of the existing layer 1 blockchain. This could also aid ADA’s price in the near future.

Needless to say, the