SOL has risen more than 600% since September 2023 while ADA rose only 42.3%.
Solana has a market cap of $70.92 billion while Cardano’s valuation stands at $12.95 billion.
SOL became widely popular after pump.fun’s debut but ADA hasn’t witnessed a similar rally.
Solana (SOL) and Cardano (ADA), both considered rivals to Ethereum, the dominant blockchain in the crypto sector, have been vying for dominance since the 2021 digital asset market bull run. Currently, SOL holds the upper hand with a market capitalization of $70.92 billion, surpassing ADA’s valuation of $12.954 billion.
Recent Price Action and Trading Volume
In the past 24 hours, SOL climbed a remarkable 9.25% and is trading at $151.35 at the time of writing, while ADA is up only 3.99% and is priced at $0.3602. The trading volume of SOL rose roughly 5.04% and is now at $3 billion, whereas ADA’s trading volume dropped 3.90% and sits at $288 million, suggesting that Solana appears more attractive to investors.
In the past seven days, SOL surged a substantial 12.78% and is up 5.16% in the last 30 days. Meanwhile, ADA rose only a mere 1.14% in the past week and 0.72% in the past month. SOL is up 6…
The post Solana Outshines Cardano: SOL Surges, ADA Lags in 2024 appeared first on Coin Edition.
