•Solana (SOL) is gaining popularity in the crypto space as it edges closer to flipping Cardano (ADA), one of the top cryptocurrencies by market capitalization.
• Twitter is abuzz with discussions about Solana and Cardano, with a growing hype for Solana and some Cardano investors lamenting its lack of marketing.
• Despite its recovery since the FTX collapse in November, Solana has yet to reach the $33.20 it traded at before then.
Solana Generates Excitement
Fact checked by: Ciaran Lawler, Editor: Stefan Trapp Published: July 18, 2023 │ 1:30 PM GMT Created by Kornelija Poderskytė from DailyCoin Solana (SOL) is gaining popularity in the crypto space as it edges closer to flipping Cardano (ADA), one of the top cryptocurrencies by market capitalization. As of July 18, 2023, Solana’s market capitalization is $10,282,533,516 and each SOL token priced at $25.54 – representing a 16.28% increase over the past week – while Cardano’s market cap stands at $10,772,611,760 with each ADA token priced at $0.3079 – a 6.01% increase over the past week. If Solana does flip Cardano and retains its position SOL will become the 7th biggest crypto token by total market cap .
Twitter is abuzz with discussions about Solana and Cardano – generating a growing hype for Solana and some Cardano investors lamenting its lack of marketing compared to other projects such as Solana’s aggressive marketing strategy that has propelled it into the limelight.
Since November 2020 when FTX collapsed due to their close relationship with SOL tokens suffered a crash but has since recovered but still not reached its peak price of $33.20 in early November before FTX collapsed .
Solana has had a range of interesting ecosystem developments including partnerships with major players such as Google Cloud Platform (GCP), Coinbase Custody , SushiSwap , Aave , Chainlink , Celer Network , Arweave , Serum DEX , Binance Smart Chain (BSC) , CryptoKitties & more .
The crypto community continues to anticipate whether or not Solana will be able to successfully flip Cardano in terms of total market capitalisation – this would see SOL become one of the top seven largest cryptos on the planet! Twitter sentiment remains positive towards SOL tokens which reflects investor confidence towards this project despite suffering from an initial drop after FTX collapsed last year