Polygon (MATIC) or Cardano (ADA) ? Which Altcoin Can Rally Hard In Coming Days?

While the coin market remains in a very volatile state, there have been some significant changes in the price of coins like Polygon (MATIC) and Cardano (ADA). 

According to Coin Bureau, on January 17, 2022, the two projects are set for a wild week, as they are expected to undergo significant upgrades and development. 

Will They Bull or Bear?

If one should go by the trending crypto news on how these coins are beaconing on investors from here and there, then one can take a wild guess that it is indeed a week for these projects.  There is 80% positivity that this will happen.

EIP-1559 Upgrade in MATIC 

Four days ago, MATIC’s price increased by 30% to $2.35 in the wake of Polygon’s upgrade—the EIP-1559—which “brings $MATIC burn and improved fee visibility.” Meanwhile, the market price now is $2.21. 

The upgrade is set for the 18th of January, 2022. Some market predictions have it that MATIC price will likely run up 1.618 Fib line around $3.52 if EIP-1559 fulfills its purpose for the upgrade. The recent price of Polygon Matic is 2.32, 0.22% higher than 24 hours ago.

The present reaction in the coin market based on this upgrade (EIP-1559) on MATIC will be bullish. With this traders can expect the altcoin to hit $3.00 this weekend. 

While the predictions vary on MATIC, there has been general agreement on its spike in price soon (still in the first quarter).

Hydra Upgrade in ADA 

In September 2021, Sabastian Nagel, Cardano (CCC:ADA-USD) software engineer,  predicted the release date for IOHK’S Hydra upgrade in 6 to 12 months from the day of his estimation – which is a few months from now. 

Perhaps, due to this estimation, there has been a surprise jump in the price of ADA since the 16th of January, 2021, which then was approaching the critical resistance at $1.5. After a bearish Saturday, the price rose by 10%.

In just two trading days, the ADA price has seen a price rise of 21%. One should expect another 30% increase as the recent surge will attract more investors. ADA’s current price is $1.56, high by 2.53% in the last 24hrs.

 Overall, if the market provides a tailwind, $1.80 or $2.00 will be earned by the weekend.  

While this is not financial advice, it is imperative to say that this is the right time for investors as their (MATIC & ADA) chances of spiking are very high. 

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