Despite the poor market situation, Solana (SOL) is outperforming Cardano (ADA) in terms of daily active addresses and transactions. In other news, the number of smart contract transactions carried out on the Cardano blockchain in August increased by 31%.
In the meantime, there is a new giant in town that seeks to bridge Artificial Intelligence and blockchain to make crypto trading easier for investors. The platform, IntelMarkets, will also feature other advanced tools and options to give its users the best experience.
Solana (SOL) Surpasses Cardano in On-Chain Metrics
Data from the cryptocurrency analytics platform Artemis show that Solana (SOL) has surpassed Cardano (ADA) in user adoption rates. The network’s daily active addresses are 126 times higher than that of Cardano (ADA).
On September 7, the Solana blockchain reported 4.6 million daily active addresses. Cardano (ADA), on the other hand, had just 31,700. The interesting part is that Solana (SOL) also surpasses Cardano (ADA) in other metrics.
On September 7, it was able to handle 35 million transactions as opposed to the 53,400 of Cardano (ADA). Despite the high on-chain activity, the Solana coin is bearish on the monthly level.
The market cap of SOL is currently consolidating between $55 billion and $80 billion on the monthly timeframe. Analysts expect the Solana price to breach the 200-day SMA at $146.78 in the coming weeks.
Cardano (ADA) Smart Contracts Transactions Pump 31% in August
In a recent tweet, the Cardano Foundation provided a highlight of the Cardano (ADA) on-chain chats for August. According to the tweet, the number of smart contract transactions increased by 31%, while simple transactions jumped by 49%.
However, the change in the number of transactions and wallets on the Cardano network was rather low. It only increased by 1.51% and 0.67%, respectively. In other news, the ADA price is trading below the 50-day SMA at $0.360328. Analysts believe breaking this level is key to starting an uptrend.
The sentiment surrounding Cardano crypto is currently bullish and supports this move. The ADA coin has recorded 18 green days in the past month. During this period, its market cap ranged between $11 billion and $14.5 billion.
IntelMarkets To Redefine Crypto Trading With Rare Trading Tools
IntelMarkets (INTL) is a new player in the online trading market that wants to redefine the crypto trading platform for retail traders. It wants to share with them powerful AI trading robots, unlimited market data & top-notch trading tools, which could increase their chances of profits.
For instance, IntelMarkets has an Intell-Array monitoring system, which can go through all indicators in order to create a comprehensive signal compounded from over 100,000 points of data. This tool helps retail investors enhance their trading strategies and decision-making through these tools.
That is not all. Intel Markets allows traders to gain entry into restricted trading markets. These markets are often restricted to those with large amounts of money. The good news is that Intel Markets is making these markets open to retail investors regardless of how much they have.
Some of the other features that will experience great innovation and that investors should expect are fast trade at negligible cost, leverage up to 1000x, copying of trading patterns, and ease of use.
Does IntelMarkets Stand a Chance Against Solana (SOL) And Cardano (ADA)?
The number of transactions on the Cardano (ADA) and Solana (SOL) networks are still high despite the bearish market. Industry experts believe IntelMarkets’ upcoming trading platform can rival both blockchains for a number of transactions in the coming months.
Besides, IntelMarkets will tap into the perpetual futures market which had an average daily trading volume of $101.9 billion in 2022. Its list of trading tools will also attract a large number of new and professional traders.
Discover More About Intel Markets:Presale – Telegram – Twitter
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