After months of lacking momentum, Cardano (ADA) is finally expected to regain momentum. ADA is up nearly 10% in the past 14 days and over 45% in the past month. Furthermore, since January this year, ADA has grown by almost 60%. While the growth is commendable, it still lags behind Bitcoin (BTC)'s over 100% growth and its over 400% growth. % of Solana (SOL) in the same time frame. However, famous crypto analyst “Ali Charts” took to X (formerly known as Twitter) and shared a bullish outlook for Cardano's ADA. Cardano is forecast to grow by 90%, but when? According to Ali Charts, ADA could reach a price of 0.75 USD by the end of this year, equivalent to a growth of about 90% compared to the current price. However, there is a challenge. challenge for the bulls. Ali said that “ADA can only rise to $0.75 if it can exceed $0.45 by the first week of December.” Reaching $0.45 would mean ADA must increase 13.6% from current levels. “Cardano's current consolidation trend eerily mirrors 2018-2020 without the COVID-19 crash,” Ali said. According to PricePredictions' machine learning algorithm, ADA may not reach $0.45 by the first week of December. According to the platform, ADA will trade for around $0.39 before December 8, 2023. Additionally, cryptocurrency data analytics company, CoinCodex, believes that ADA will probably not reach $0.45 by the first week of December. The platform predicts ADA will trade around $0.40 by the 7th. December 2023.Changelly , a platform specializing in cryptocurrency price forecasting, also had a negative view on ADA in December.“ADA will not reach $0.45 in December 2023. The price at which ADA fluctuates will be between $0.33 and $0.40 for most of December,” Changelly said. According to IntoTheBlock , 48% of Cardano holders ( ADA) is losing money, while 40% is making a profit. The news site also shows that high-volume ADA transactions have decreased by 1.57%.

Solana has emerged as the most prominent performer in the top 10 cryptocurrencies, recently reaching a new yearly high following a staggering 13% daily increase. Solana's SOL has shown momentum impressive increase of 144% in 30 days. Although SOL hit its 2023 high on November 10, its price remains about four times lower than its all-time high of $259. Notably, Solana's rapid rise has surpassed far from other major cryptocurrencies. This exceptional growth is due to various factors. This includes increased user activity and the success of decentralized applications (dApps) like Jito on the Solana blockchain. At the time of writing, SOL is trading at $57 and peaked at 67.5 USD.Solana's Booming GrowthThe driving force behind Solana's recent price increase lies in its growing user base, fueled by the success of Jito. This is the highest performing decentralized application on the Solana blockchain. Jito has played an important role in attracting users, contributing to bringing the number of daily active users on Solana to a yearly high. 2023, reaching an impressive figure of 200,000. At the same time, SOL's revenue has exceeded 1 million USD in the past 30 days, reflecting a significant increase of 78.2%. Jito's success on Solana has become a major catalyst for the overall development of the Solana ecosystem, thereby contributing to the price increase. In addition, SOL's upward momentum is also affected by many other factors, market psychology and BTC price is one of those factors.Cathie Wood's Confirmation of Solana Solana's bullish momentum received a notable boost when ARK Invest CEO Cathie Wood praised the efficiency and cost savings of the SOL network. Specifically, in a CNBC interview, Wood made these statements. She praised SOL as “a major infrastructure player in the broad blockchain ecosystem.” She also acknowledged SOL's commendable performance in recent market conditions. Notably, Wood emphasized Solana's speed and cost-effectiveness, and compared it to Ethereum to show that SOL is better than ETH .“Ethereum was faster and cheaper than Bitcoin at the time, that's how we got Ethereum. But now Solana is even faster and more cost-effective than Ethereum,” she said. She continued to emphasize the potential of SOL and argued that it outperforms not only traditional cryptocurrencies but also other Another long-standing blockchain network. An endorsement from a respected figure like Cathie Wood adds credibility to Solana's capabilities and could further contribute to SOL's growing popularity among investors and users. Solana's recent surge to new yearly highs is a testament to its growing influence in the crypto space. Investors and cryptocurrency enthusiasts alike will be closely watching the continued growth and development of SOL in the coming months.#solana #sol