Solana All-Time High And Cardano (ADA) In The Top 3

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Last Updated on 21 August 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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There are a number of projects that performed particularly well over the past week. The first is the Solana project that positions itself as the Ethereum killer. The project has many similarities with Ethereum, such as smart contracts and hosting DeFi protocols. However, Solana completely supports Proof-Of-Stake and claims to be able to process more transactions per second than Ethereum. In theory, a great alternative.

Investors thought so too this week, pushing the Solana project up more than 100%. Last week the coin traded below $40 and today the project hit a new all-time high of $81.81. A very nice return for early investors. Also, Solana is now in the top 10.

>> Solana is available on the Bitvavo Exchange

Unfortunately Solana had her first rug pull a few days ago. Luna Yield, a yield aggregator, ran off with $10 million in user funds.

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Cardano in the top 3

Cardano stole the number 3 position of Binance Coin today by a difference of almost 3 billion dollars. Cardano rose 80% in the past two weeks, partly due to the fact that the company is on schedule for the release of smart contracts on the platform. This is expected on Sunday 12 September 2021.

Today, Cardano is down just under 2% and is trading about 4% lower from yesterday’s all-time high of $2.58.