What can holders or crypto enthusiasts expect from Cardano [ADA]<\/a> in the coming days? However, a bigger question is could significant updates lead to a much-needed price growth<\/a> for Cardano\u2019s native token?<\/p>\n _____________________________________________________________________________________<\/p>\n Here\u2019s AMBCrypto\u2019s price prediction for Cardano (ADA)<\/a> for 2022-23<\/p>\n _____________________________________________________________________________________<\/p>\n Cardano remains one of the biggest and most-developed<\/a> 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.<\/p>\n 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.<\/p>\n The popular decentralized exchange (DEX) SundaeSwap successfully launched Hydra, a key layer 2 solution to further improve Cardano\u2019s scalability. Although, the team added<\/a>,<\/p>\n https:\/\/twitter.com\/SundaeSwap\/status\/1580969361892085762<\/p>\n<\/blockquote>\n Following this, in a tweet, Cardano founder Charles Hoskinson asserted that \u201cHydra is coming to Cardano one DApp at a time\u201d in response to SundaeSwap\u2019s Hydra demo.<\/p>\n Hail Hydra! So glad to see this demo. Hydra is coming to cardano one DApp at a time https:\/\/t.co\/k9i1wG3OKO<\/a><\/p>\n \u2014 Charles Hoskinson (@IOHK_Charles) October 15, 2022<\/a><\/p>\n<\/blockquote>\n Overall, Hydra could be the key layer 2 solutions to further improve Cardano\u2019s scalability layering a new protocol on top of the existing layer 1 blockchain. This could also aid ADA\u2019s price in the near future.<\/p>\n Needless to say, the demo caused a lot of stir within the Cardano community following the Hydra update. Lead Hydra developer Sebastian Nagel lauded<\/a> the effort from the SundaeSwap team, stating his interest in improving the protocol with their help.<\/p>\n Meanwhile, SundaeSwap Labs CTO had to say about this demo,<\/p>\n The thing I’ve been emphasizing in person is: IMO Hydra is not a single solution; it’s a design space, of which the Hydra team has been building the “purest” example; there are lots of other points in the space that make different tradeoffs and are suitable for other dApps.<\/p>\n \u2014 Quantumplation | Pi Lanningham (@Quantumplation) October 15, 2022<\/a><\/p>\n<\/blockquote>\n Developers launched the Hydra Heads protocol on the public testnet in March. Some users have expressed the belief that these features would make Cardano, often touted<\/a> as an \u201cEthereum Killer,\u201d the king of DeFi soon.<\/p>\n Did it help or rather boost morale? Development activity and trading volume both saw a much-needed uptick as per analytical platform, Santiment.<\/p>\n Source: Santiment<\/p>\n<\/div>\n Yes, the Cardano development team launched Hydra heads on public Cardano Testnet. But did it create any new news for ADA? Well, not really. In fact, prominent bears spell doom for Cardano as price slipped to a 21-month low. The native token<\/a>, at present, had witnessed a 13% fall in a week\u2019s time, hence the further slump in its price.<\/p>\n On CoinMarketCap, ADA stood at the $0.36 mark.<\/p>\n<\/p><\/div>\nAnswering queries<\/strong><\/h3>\n
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<\/p>\nAlarms ringing here\u00a0<\/strong><\/h3>\n