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09/13/2024

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Cardano (ADA) vs. Solana (SOL): Which Hits All-Time High First?

Solana (SOL) and Cardano (ADA) are the most popular cryptocurrency assets. Though well-liked, both have had difficulty gaining traction in recent months.The poor performance of both assets may result from the...

Cardano (ADA) vs. Solana (SOL): Which Hits All-Time High First?

Solana (SOL) and Cardano (ADA) are the most popular cryptocurrency assets. Though well-liked, both have had difficulty gaining traction in recent months.

The poor performance of both assets may result from the general pessimism that has pervaded the cryptocurrency market in recent years. ADA is down by 88.4% from its all-time high of $3.09, which it attained in September 2021. On the other hand, SOL is down by 48.2% from its all-time high of $259.96, which was reached in November 2021.

Also Read: Shiba Inu: Can SHIB Burn Its Way to 10 Cents?

Source: Securities.io

Judging by the declines from their respective peaks, Solana (SOL) has a far lesser gap to its peak than ADA. Let’s find out which will reach its peak first.

Cardano (ADA) Price Predictions

According to Changelly analysts, Cardano (ADA) will hit a new all-time high of $3.12 in April 2030, about six years from now.

Cardano ADA
Source: Changelly

Telegaon analysts are more bullish on Cardano (ADA) than Changelly. The platform anticipates the asset to hit a new peak of $3.13 in 2026, about two years from now.

Also Read: Donald Trump or Kamala Harris Won’t Influence Bitcoin’s Price

Cardano
Source: Telegaon

Solana (SOL) Price Predictions

In the case of Solana (SOL), Changelly anticipates the asset to hit a new all-time high of $279.80 in September 2026, two years from now.

Solana
Source: Changelly

Telegaon presents a more bullish picture for Solana (SOL) than Cardano (ADA). The platform predicts the asset will hit a new all-time high of $305.16 this year.

Solana
Source: Telegaon

Based on the four predictions above, Solana (SOL) will likely hit an all-time high first, ahead of Cardano (ADA), one of the most developmentally active cryptocurrency projects.

Also Read: Top 3 Cryptocurrencies To Watch This Weekend

Given a favourable market environment, ADA could hit a new peak sooner than SOL if it can continue innovating and creating new products.

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