Logo
Cardano Ecosystem

Cryptopotato

02/20/2024

·

27 views


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...

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, 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:

SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).


AD

SNEKbot by DexHunter on CARDANO

Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!


Read Original Article on Cryptopotato

ORIGINAL SOURCE

https://cryptopotato.com/cardano-outperf...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


Genius Yields DEX Launched!

More from Cryptopotato

See more
Cardano on the Verge of Achieving a Massive Milestone: ADA Bull Run Imminent?
Cryptopotato
Cardano on the Verge of Achieving a Massive Milestone: ADA Bull Run Imminent?

03/22/2024

·

18 views

Related News

See more
Genius Yields DEX Launched!

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)