• Solana (SOL) has been gaining popularity in the crypto market and is edging closer to overtaking Cardano (ADA).
• Twitter sentiment suggests growing hype for Solana while some Cardano investors lament the lack of marketing for their project.
• Despite its recent recovery, Solana has yet to reach the $33.20 it traded at before the FTX collapse in November.
Solana Generates Excitement
Solana (SOL) has been generating significant excitement 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, with each SOL token priced at $25.54 – a 16.28% increase over the past week – while Cardano’s market capitalization is $10,772,611,760 with ADA tokens priced at $0.3079 and only a 6.01% increase over the same period. If Solana can overtake Cardano and retain its position , SOL will become the 7th biggest crypto token by total market cap .
The development has made Twitter abuzz with discussions about Solana and Cardano . The sentiment suggests a growing hype for Solana , with many users excited about its potential . On the other hand , some Cardano investors have acknowledged the possibility of Solana flipping Cardano but highlighted that despite its robust smart contract platform , it lacks aggressive marketing strategies compared to those employed by Solana .
Since the FTX collapse in November , however , which was closely linked to Solana due to their close relationship with each other , SOL tokens have yet to reach their previous heights of trading at $33.20 . Despite this setback however , there have been an array of interesting ecosystem developments such as new partnerships and integrations that are likely contributing to rising interest in SOL tokens .
Cardano on their part responded quickly making changes to their protocol such as increasing block times from 20 seconds to 5 seconds and introducing more advanced features like Ouroboros Hydra consensus algorithm . This suggests a commitment from them not only towards staying ahead technologically but also in terms of marketing efforts so as not be overtaken by any upcoming competitors such as Solana or Polkadot (DOT).
In conclusion , it appears that despite suffering some setbacks after being closely linked with FTX’s collapse last year , Solana continues its rapid rise towards becoming one of top contenders for blockchain supremacy alongside projects like Ethereum or Polkadot . At present time however both projects continue vying for attention from users and developers so we’ll need to wait until further developments occur before we know who will come out triumphant in this race for digital supremacy .