The introduction of Hydra could see Cardano surpass Ethereum with 100,000 TPS

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Cardano’s Hydra pushes ADA above $1, positioning it as a scalable dApp hub and a potential rival to Ethereum’s dominance.

Cardano’s Hydra is the latest scaling solution in Cardano’s ecosystem and has seen the price of ADA exceed $1. While ADA’s current rate represents a 65% decline from its peak, ADA holders are expecting a 90% upside.

Compared to the price of Ethereum, ADA is much cheaper and developments in its ecosystem could potentially threaten Ethereum’s dominance. Cardano’s Hydra, for example, could improve Cardano’s scalability, making it a go-to ecosystem for dApp development.

Given Ethereum’s efforts to scale its network, including its transition from PoW to PoS protocol, Cardano’s Hydra could soon help developers create fast dApps with high mass adoption rates.

Cardano’s Hydra is on track to take ADA to new heights

ADA’s current price of $0.91 is in an upward trend with ADA up over 50% in the last 60 days. After the price of ADA has been diluted around $0.35 for months, whale activity is increasing in Cardano’s ecosystem and market watchers are expecting an additional rise to $2 in the short term.

According to reports, more than 680 transaction flows exceeding $1 million were recorded into Cardano’s ADA as confidence in ADA’s bull run grows. Cardano’s founder also confirmed that ADA is poised for higher highs in 2025, especially with the launch of Cardano’s Hydra.

Cardano’s Hydra is poised to offer developers a unique scaling tool that makes transactions on Cardano cheaper, faster and more secure. With Ethereum being Cardano’s biggest competitor, Cardano Hydra could trigger a migration of developers to Cardano in the near future.

Ethereum price drops below $3,400 due to scalability concerns

Ethereum’s price has been slow to react to the bull market, despite recently surpassing $4,000. After rising to a striking distance of $5,000 in 2021, Ethereum’s price dropped to as low as $1,000 but recovered amid critical resistance at the $4,000 level.

Now, Ethereum’s price has been rejected three times above the $4,000 level and market observers are less optimistic that the leading DeFi ecosystem can rally to $5,000 – $6.00 during this bull run. Some of the hurdles hindering the Ethereum price rally include Ethereum’s bloated network, which has seen network fees skyrocket at peak congestion.

With the emergence of scalability solutions such as Cardano’s ADA, Ethereum’s price may experience even slower growth. Moreover, mass adoption by institutions will require much more liquidity to move Ethereum’s price.

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