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Will Hydra’s second pre-release boost Cardano enough to make it to $3
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ambcrypto.comAfter the monumental ‘Uptober,’ the last two months haven’t been all that bullish for the larger market. Nonetheless, some assets like AVAX, LUNA and MATIC managed to carve their own trajectories reaching new ATHs even as the king coin consolidated. Cardano, however, once the third-ranked coin by market cap shed almost 50% price since its ATH on September 2.
After this bloodbath that ADA saw over the last month, the asset tested the long-term lower support of $1.22 on December 14. Nonetheless, with Cardano’s scaling solution Hydra closer to its release the market yet again turned its eyes towards the sixth-ranked altcoin in anticipation of a 150% price appreciation similar to the one seen in July-August.
So, could ADA repeat history?
ADA
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