A double-digit price surge has been observed for Solana (SOL), surpassing Cardano (ADA) and solidifying its position as a strong competitor.
Solana’s price has increased by 29.4% in the last seven days to $28.40, whereas Cardano’s price has increased by merely 4.1% to $0.25. According to CoinGecko’s statistics, Solana is ranked eighth by market capitalization with a market worth of over $11.9 billion. Cardano, with a $9 billion market valuation, is presently ranked ninth.
Furthermore, Solana’s current campaign went beyond simply undermining Cardano. Solana has surpassed all other cryptocurrencies in the top 10 during the last week, even XRP, which was enjoying a spike in value because to Ripple’s recent legal triumphs.
Solana (SOL) Soars with Double-Digit Gain, Outshining Cardano,Solana (SOL) Soars with Double-Digit Gain
Asian financiers fueling the upsurge Recent data suggests that Asian investors are a major driving force behind Solana’s excellent growth.
The aforementioned graph demonstrates that the cumulative returns for SOL have significantly increased in the Asia-Pacific (APAC) area. The EU sees a little increase at the same time as the US stays steady.
The thriving NFT market in Solana The price of Solana’s token is not the only factor affecting its performance. The blockchain recorded sales of $1.43 million in non-fungible tokens (NFTs) on the previous day, according to statistics from CryptoSlam.
In contrast, Mythos Chain brought in about $1.39 million, while Ethereum topped the group with nearly $9.9 million in NFT purchases. Notably, Cardano’s NFT sales were only a meagre $132,929, trailing far behind.
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