Today (November 3), the native assets of Cardano and Solana have been fighting over the title of the world’s fifth most valuable cryptoasset by market cap, and at the time of the writing the latter is enjoying a healthy lead over the former.
According to data by TradingView, at 19:09 UTC, the $SOL price surged to $237.54, which is today’s intraday high and more importantly the new all-time high.
Currently (as of 19:50 UTC on November 3), $SOL is trading at $235.70, up 9.62% in the past 24-hour period. This gives it a market cap of around $70.70 billion. As for $ADA, it is trading at $2.07, which means it has a market cap of around $66.31 billion.
Simon Dedic, who is Co-Founder and Managing Partner at Moonrock Capital, a blockchain advisory and investment partnership based in London and Hamburg”, pointed out that $SOL is up nearly 16,000% in the past one-year period.
Back in August, pseudonymous crypto analyst “Pentoshi” explained why he thinks of $SOL as “the most bullish” asset in the crypto space.
Yesterday (November 2), crypto-focused research boutique TokenInsight named some of the exciting Solana-powered projects that $SOL HODLers that should be launching soon:
On the same day, Messari Research Analyst Mason Nystrom said that Solana’s rapidly growing ecosystem has helped Solana-powered non-fungible token (NFTs) to flourish:
Pseudonymous crypto analyst and trader “The Crypto Dog” believes that $SOL, which is one of his/her core holdings, should be able to extend its current bull rally to $333:
And finally, the organizers of next week’s sold-out “Solana Breakpoint 2021” conference in Lisbon, Portugal, reminded those Solana fans who have not been able to get hold of tickets that most of the sessions will be live-streamed for free:
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.