Cardano (ADA) could gain an upper hand over Solana (SOL) under certain conditions, according to analyst AM_Panic.
As the crypto market faces a downturn, he highlights three factors that could shift momentum in Cardano’s favor.
One key element is Cardano’s focus on scalability. If its network upgrades are successfully implemented, the blockchain could become a more attractive hub for decentralized applications (dApps). This increased adoption might bolster its ecosystem and enhance its standing against Solana.
Another potential advantage stems from Solana’s own challenges. If the network encounters technical setbacks or regulatory scrutiny, its valuation could suffer. A significant decline in SOL’s price would narrow the market cap gap between the two blockchains, potentially making ADA more competitive.
The third factor depends on broader industry trends. A favorable shift in regulations or a stronger bullish sentiment could work in Cardano’s favor. Some analysts believe ADA’s methodical, research-driven development approach positions it as a more stable alternative in uncertain times.
Meanwhile, Solana has encountered obstacles in recent weeks. Activity within its ecosystem, particularly in memecoins, has slowed. Pump.Fun, a key player in Solana’s surge, has seen declining engagement. Additionally, critics argue that Solana prioritizes transaction speed over decentralization, which could raise long-term concerns.
While Solana remains a dominant player, these evolving dynamics could shape the competitive landscape between the two networks in the coming months.
Bitcoin and other cryptocurrencies are facing significant downturns. Despite Donald Trump’s plans to build a Bitcoin reserve, Bitcoin (BTC) has struggled to make gains, remaining around the $80,000 mark.
The US Securities and Exchange Commission (SEC) has extended its timeline to decide on several cryptocurrency exchange-traded funds (ETFs), including those tied to XRP, Solana, Litecoin, and Dogecoin.
Financial giant Franklin Templeton, managing a staggering $1.53 trillion in assets, has officially entered the race to launch an XRP exchange-traded fund (ETF).
Ethereum’s recent market turbulence saw its price drop to a multi-month low, leaving many investors in losses.