skip to Main Content
bitcoin
Bitcoin (BTC) $ 93,840.14 0.28%
ethereum
Ethereum (ETH) $ 3,370.95 3.90%
tether
Tether (USDT) $ 0.996625 0.36%
xrp
XRP (XRP) $ 2.23 4.20%
bnb
BNB (BNB) $ 686.23 6.05%
solana
Solana (SOL) $ 187.29 5.57%
dogecoin
Dogecoin (DOGE) $ 0.318254 3.86%
usd-coin
USDC (USDC) $ 0.997823 0.20%
staked-ether
Lido Staked Ether (STETH) $ 3,361.04 3.97%
cardano
Cardano (ADA) $ 0.901231 3.99%

Cardano Outperforms Solana in This Key Metric: Details

TL;DR

  • Cardano experiences significant growth in NFT sales and total value locked.
  • ADA’s price outperforms several rival cryptocurrencies over a two-week period.

Cardano has recently outshined some of its rivals in some essential metrics. According to CryptoSlam, NFT sales on the network have surpassed $1.6 million in the last week, representing a 100% increase. Solana’s figure stands at approximately $48 million, which is a 7% decline for the same time frame.

Total value locked (TVL) on Cardano has also been on the rise lately, exceeding the $400 million mark (per DefiLlama’s data) and hovering close to the peak levels observed in mid-December 2023.

As CryptoPotato recently reported, the metric has soared almost 700% year-over-year (YoY), pushing Cardano’s ranking from 34th to 13th.

Total value locked on Solana is currently around $2 billion, but the figure is far from the all-time high of approximately $10 billion registered in November 2021.

Cardano’s ADA has been among the top-performing altcoins as of late, registering a 25% price increase (per CoinGecko’s data) on a two-week scale. In comparison, Solana (SOL) is up 14% for that period, while Ripple’s XRP – 11%.

ADA Price
ADA Price, Source: CoinGecko

On February 8, the popular X (Twitter) analyst Ali claimed that “a sustained daily close above $0.53” could push ADA’s valuation to $0.68. Recall that the asset hovered around the resistance level for the next 24 hours and then started an uptrend towards the $0.55 mark.

Those willing to observe additional ADA forecasts can take a look at our dedicated video below:

The post Cardano Outperforms Solana in This Key Metric: Details appeared first on CryptoPotato.

Loading data ...
Comparison
View chart compare
View table compare
Back To Top