Cardano Could be A crypto GEM to the Early Investors.

We're seeing alt coins pop off left, right and centre, but Cardano is stubbornly sticking around the $2 mark. I will be going through the reasons why, and what's in store for Cardano over the next few months and getting updates on token bridges to Ethereum and salona, smart contracts and Hydra, which will set new records for transaction throughput on the network. Cryptos trade around news and events and there's plenty of those coming up for Cardano.

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There are a lot of upcoming events that can have an effect on ADA demand which in the end will be the main driver of price growth for all you short term traders. If you take a look at the timeline on Twitter for Cardano development, and the next big milestone. There is really one set of major launches that in my opinion will have the biggest impact on the short term price of ADA and that is the launch of Dexs and the launch of other tokens of the blockchain. Without a Dex on Cardano, nothing else will happen without the ability to trade ADA for other tokens the key driver for liquidity for users to trade and invest in other ecosystem projects just isn't there which makes it impossible to underestimate what a big deal Dex launching on Cardano really is.

There are so many Dex launched on Cardano but as an example there is Sundaswap which will definitely be one of the most popular simply because of the branding. It seems like these guys are getting closer to a launch with a latest update yesterday outlining progress. Firstly, they are finishing touches on the ISO dashboard which is a way for users to invest ADA tokens and get some Sunday tokens back. This will launch at the same time as the Dex so finishing touches sounds positive. Secondly, they are preparing their public testnet which is usually the final test before launching the protocol and thirdly, they are integrating with one of the most popular Cardano wallets and for now people will be using the Dex.

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DCSpark launch is a side-chain for Cardano that will link up to Ethereum. The benefits for doing this is that users will be able to breach tokens and value over from Ethereum and that means Cardano can suck out the immense value that are locked up on that chain. This is a strategy that is done by many other chains for instance, Polygon, Binance , etc. end users will have the ability to get some of the value they hold on Ether over to Cardano so as to possibly invest in some other earlier projects on the platform but more importantly, for Cardano is the ability for Ethereum developers to easily put over their DApps into Cardano’s ecosystem as well.

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There is also news on Hydro which is going to be one of Cardano's solutions overtime to process potentially 1000s of transactions per second. Like Charles Hoskinson has said repeatedly, it's not so much about how many transactions basically at the process, but how many the ecosystem as a whole can manage given many different side chains and connected solutions like Hydra and this is the same for every blockchain out there.

According to Charles's recent AMA, we are going to keep adding resources to Hydra and we've been trying to identify some teams. So we can parallelize the work stream because it's such a high commercial priority, and it's going to be very important that we'll be able to offload a large number of transaction traffic that's going to come from the app to the blockchain has different technology and hydrous is to channel transactions off to something called Hydra and modes, in theory could process up to 1000 transactions per second.

Hydra is needed to scale Cardano past just a cool blockchain to lots of NFT's and tracing tokens into something that a large ecosystem of companies and even governments, especially around Africa can rely on to support their needs.