Solana Surges Notably by 30%, May Surpass Tether and Cardano if the Form Continues

Sahaj  |  Oct 25, 2021

Solana is rising constantly, seems like it has embarked on another fantastic run that is near its all-time high, and if it continues, there are chances that it may flip Cardano and Tether. While writing, Solana is changing hands at $209 on crypto exchanges, which is around 15% up in 24 hours.

Solana May Overtake Cardano and Tether

Talking about the gains accrued by Solana, they are without any doubt, impressive, and the rising trend is not anywhere near stopping. Analysts and experts are suggesting in accordance with the recent price actions that the asset may climb to higher levels than present in order to take the spots of Cardano and Tether in terms of market capitalization. 

The power run that began back in the month of September is not anywhere near a halt and the fact that Solana has made its investors’ money grow notably, just can’t be ignored.

In addition to this, it should be noted that with the recent run of Solana, its market capitalization is standing at a commendable $58.9 billion mark.

As revealed, the rise in the price of SOL is driven by the announcements made by the network, including the public voting for the IGNITION Hackathon that would witness the disbursement of prizes worth up to $5 million to the winners.

Ethereum Killer can Grab the Fourth Spot

Solana is showing its potential that it is a direct competitor to Ethereum as it has got a lot over Ethereum and due to this, it has managed to allure a lot of projects to the network. 

Amid this, we just can not forget the returns that Solana has provided, as it has soared from $1.09 to the mark of $198 in just a matter of a year.

Ethereum, on the other hand, went from the mark of $371 to attain the mark of $4,027. Though the returns are pretty good, they are significantly lesser than that of Solana.

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