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.
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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.
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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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