Cardano & Solana surges 20%+ within 24 hours
Amid the market recovery sentiments, Cardano & Solana secured a significant boost in terms of price increment.
Cardano & Solana are Proof-of-stake (PoS) consensus-based blockchain networks, which are known for efficient crypto transactions. Solana is popular for its Proof-of-history (PoH) protocol which helps the network to process transactions with scalability up to 50k TPS. On the other hand, Cardano is popular for innovative development activities to bring the use of blockchain technology to a real scale. Cardano Devs are also working to introduce up to 1M of scalability in the Cardano network.
In the last 24 hours, the Crypto market showed a significant greenish signal, where the majority of the crypto assets increased by at least 1.5%.
Solana coin (Sol) surged by approximately 21%, which is strange because in the last 24 hours, the Solana network faced criticism over new bug, which caused the Solana foundation RPCs’ endpoint offline.
On the other hand, Cardano (ADA) surged by approximately 18%, in the last 24 hours.
Here sudden increment in the price of ADA coin is not a strange thing because the Cardano blockchain Network is free from any kind of controversial news.
Yesterday, Cardano founder Charles Hoskinson said that he will work with policymakers to pass Crypto legislation.
But here Sol coin price increment was strange.
Just two weeks ago, Vitalik Buterin, co-founder of the Ethereum blockchain, talked about the Solana blockchain project and noted that big players are now out of this project and Solana may have a bright future.
Some smart people tell me there is an earnest smart developer community in Solana, and now that the awful opportunistic money people have been washed out, the chain has a bright future.
— vitalik.eth (@VitalikButerin) December 29, 2022
Hard for me to tell from outside, but I hope the community gets its fair chance to thrive
Read also: US govt agency launches a website for FTX fraud victims
Comments