Solana (SOL), a blockchain platform for hosting decentralized applications (dApps) and currently ranked sixth in market cap, has had a rough start to the new year. The Cardano (ADA) development team, on the other hand, is working hard to improve the efficiency of the network as part of preparations for the Vasil hardfork, which will significantly increase the throughput. As Kriptokoin.com, we provide the crypto community, Solana and Cardano price predictions and developments.
Predicted price expresses confidence in Solana (SOL)
Although DeFi asset is still far from all-time highs reached in 2021, the cryptocurrency community at CoinMarketCap is looking forward to Solana He predicts that the coin will trade at $131.79 by the end of May 2022, expressing a great deal of confidence for the token’s price. The projected price represents an increase of about 40.15 percent, or $37.76, for Solana. Overall, the votes of 3,074 members of the CoinMarketCap community were taken into account to arrive at the final price prediction. The crypto community has averaged 67.9 percent historical accuracy in terms of Solana price predictions over the past six months.
Solana remains the top competitor by market cap. Solana has managed to outperform other leading competitors such as Cardano with its real volume. With $310 million in real-world transactions, it currently remains the third-largest smart contract network in terms of real-world volume. Ethereum alone is ahead of Solana with $2.46 billion and Terra with $2.46 billion. Meanwhile, interest in cryptocurrency exchange-traded products (ETPs) is growing, Valor Solana has recently started trading on Europe’s largest exchange, increasing the cryptocurrency’s availability to investors. The number of transactions in the real world continues to increase in different smart contract systems. In this respect, Ethereum remains the undisputed leader. But other smart contract systems like Solana still keep moving forward. Since the beginning of 2017, these networks, which are significantly younger than Ethereum, are entering the Ethereum market share. Within 24 hours, Okay Bears had raised more than $18.4 million in trading activity on the Solana network, showing a significant increase in public interest.
Cardano (ADA) ecosystem continues to grow
Some crypto analysts and investors are wondering where Cardano price ends up by the end of May, given that the ADA price often rises before a historical data-driven hardfork event. predicts it will. According to the latest forecasts from the cryptocurrency community at CoinMarketCap, the ADA price is expected to reach an average of $1.26 by the end of May. The projected price represents an increase of around 53.64 percent, or $0.44, for Cardano. The estimated price was reached as a result of the average price estimation of 26,083 people. However, the price is expected to drop after this month and the ADA price for June is estimated to be around $1.17.
It’s worth noting that on April 25, Cardano increased the block size by 10 percent, speeding up transactions and DApp performance. This precedes the Vasil hardfork, which aims to scale up the protocol and significantly increase the volume and liquidity along with the trading volume. In addition, the network recently announced the Cardano ERC-20 converter, which adds support for the ERC-20 token migration to its platform and increases the diversity of use cases for application developers.
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