Price Swings in Solana (SOL) and Cardano (ADA) Prompt Investors to New Options
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
If you blink in crypto, you may just miss unexpected price swings, which happened with Solana (SOL) and Cardano (ADA).
However, both projects still have a lot of ground to cover in the grand scheme of things.
That's why investors seek new options, one of which is set to take the hedge fund industry by storm in 2023.
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Solana (SOL) has enjoyed a surprising resurgence in the past two weeks, cementing its place in the top 10 most traded coins.
From June 10, 2023, the price rose from $13.21 to $16.81, representing a 30% gain. Much evidence exists to support this bullish trend for Solana (SOL).
Yet, despite the positive events, Solana (SOL) still faces network outage challenges. While seeing increased adoption, Solana's (SOL) volume across DeFi is underperforming.
Finally, adding to the negative sentiment, the Bakkt exchange delisted Solana in a trend that's seen other US-based platforms like Robinhood and eToro doing the same.
Like its counterpart, Cardano's (ADA) price has recovered by almost 30% from $0.22 to $0.28 in two weeks.
Data from intoTheBlock shows a surge in the number and volume of 'whale' transactions for Cardano (ADA), which often suggests a potential ADA price rally on the cards.
Development activity has increased thanks to an upgrade, 'Node 8.1.1.,' to enhance node performance on the Cardano (ADA) network.
This Cardano change comes after the 'light peer sharing' feature for allowing unregistered to participate.
These new features form part of Cardano's (ADA) 'Voltaire' era, the final step into the project's roadmap to becoming the best blockchain.
Still, like Solana (SOL), Cardano (ADA)
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