Solana (SOL) experienced an impressive 89% surge in market cap over the past 24 hours. Currently, Solana and Cardano are in fierce competition, with just a 2% difference in their market caps.
After the Ripple (XRP) victory against the U.S. SEC, “Ethereum Killers” Solana (SOL) and Cardano (ADA) have emerged as robust contenders in the global crypto market. Both cryptocurrencies have gained significant momentum, with Solana witnessing an impressive surge in market capitalization.
In the last 24 hours, Solana’s market cap has surged remarkably by 89%, soaring from $5.99 billion to $11.30 billion. This achievement represents the highest level for Solana since November 2022, highlighting its escalating influence and increasing investor confidence.
Due to this impressive surge, Solana has overtaken established cryptocurrencies like Litecoin (LTC), Tron (TRX), Polygon (MATIC), and Dogecoin (DOGE), and now holds the 8th position in terms of market cap.
Solana vs. Cardano: The race to the top:
Solana’s bullish momentum persists as it reclaims its market position. It is now in close competition with Cardano (ADA), which currently holds a market cap of $11.55 billion.
The market cap difference between Cardano and Solana is a mere 2%, with Cardano slightly ahead. This intensified competition underscores the significance of their achievements and the robust demand for both cryptocurrencies.
Solana (SOL) Price Chart (Source: Tradingview)
As of now, Solana (SOL) is trading at $27.99, boasting a market cap exceeding $11.30 billion. Over the past 24 hours, SOL has seen a 5% price increase and an impressive 30% surge in just one week. Since the year’s start, Solana has experienced remarkable growth of 181% and currently holds a 24-hour trading volume of $1.7 billion.
Cardano (ADA) is presently trading at $0.33, boasting a market cap of $11.55 billion. Over the last 24 hours, ADA has witnessed a 1.4% price increase and a notable 17% gain in the past week. Moreover, Cardano’s 24-hour trading volume stands at $548 million, which is 50% lower than Solana’s volume.
Cardano (ADA) Price Chart (Source: Tradingview)
Both Solana and Cardano have demonstrated impressive performance, showcasing substantial gains across various timeframes. These statistics highlight their positive trajectory in the crypto market.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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