A comparison between Solana (SOL) and Cardano (ADA) sparked controversy when Cardano's founder, Charles Hoskinson, responded with what appeared to be a subtle critique of the Solana network.
In a social media exchange, an individual asked Hoskinson when ADA would reach $1, noting SOL's price movement. Hoskinson's response, "Number goes up != good ecosystem or real network value," stirred debate within the crypto community. Some interpreted Hoskinson's comment as implying that while SOL's price may rise, it does not necessarily reflect a strong ecosystem or genuine network value.
This isn't the first time Hoskinson has taken aim at Solana. In previous instances, he humorously remarked on Solana's network outage and criticized its marketing strategies. Despite his reservations, comparisons between Solana and ADA are likely to continue, particularly as analysts predict a battle for the third-largest crypto token by market capitalization between the two.
Currently ranked as the fifth-largest token, SOL has a significant lead over ADA, which sits at eighth place. ADA also faces competition from tokens like Dogecoin (DOGE) and Shiba Inu (SHIB), which have recently outperformed it.
Regarding ADA's future trajectory, Hoskinson declined to comment when asked if it would reach a new all-time high (ATH) in the current bull run. Analysts offer contrasting views, with some bullish predictions forecasting ADA to surpass its ATH of $3, potentially reaching $11. However, reports from other sources suggest a bleak outlook for ADA, with predictions of it plummeting to zero.
At present, ADA is trading at $0.7334, experiencing a decline in the last 24 hours, according to CoinMarketCap.
ADA price at $0.73 | Source: ADAUSDT on Tradingview.com
In summary, Hoskinson's remarks have ignited debate within the crypto community, underscoring differing perspectives on SOL and ADA's prospects amidst ongoing market fluctuations.
Katalin Tischhauser, head of investment research at Signum Bank, joins other commentators in believing that spot Solana and Cardano ETFs are unlikely, although VanEck might disagree.
JinseFinanceZK Rollups vs ZK Compression: Comparison of ZK technology applications on Ethereum and Solana.
JinseFinanceThis article compares TON with some of the more representative blockchain projects.
JinseFinanceSTEPN and NOTCOIN are not gaming projects in the standard sense, and UXLINK is far from being a Web3-modified messaging product.
JinseFinanceThis article explores how Arweave and IPFS store, maintain, and access files, and how this affects the reliability and durability of digital assets.
JinseFinanceGlassnode co-founders foresee significant crypto market uptrend. Comparing to 2021 correction, they predict ~350% surge using proprietary index and Fibonacci levels. Bitcoin halving's impact remains a question.
EdmundThe crypto market faces challenges with prominent losses led by Solana and Cardano. Market speculation surrounds meme coins Dogecoin and Floki, driven by adoption hopes and increased trading volumes. Additionally, Terraform Labs, the developer of the failed TerraUSD, has filed for bankruptcy, navigating legal proceedings amidst significant financial uncertainties.
BerniceCrypto trader Ali Martinez predicts a bullish rally for Solana (SOL), targeting $163. He notes Cardano (ADA) echoing past patterns, suggesting consolidation before a potential climb to $8.00 by 2025. XRP may rally within an ascending channel to $1.10.
Huang BoCardano and Solana's investment has been ramping up among institutional investors for a while now. With all of the new ...
BitcoinistHeterogeneous blockchain networks Cosmos, Polkadot, and Avalanche provide excellent infrastructure for the blockchain Internet, prove the efficiency of the asynchronous heterogeneous network model, and also improve the current Bitcoin and Ethereum networks.
链向资讯