SOL vs ADA: Which Smart Contract Platform Is Better Positioned to Thrive in the Next Bull Run?
The post SOL vs ADA: Which Smart Contract Platform Is Better Positioned to Thrive in the Next Bull Run? appeared on BitcoinEthereumNews.com.
Solana continues to experience a strong uptrend, breaking past crucial resistance levels while positioning itself for higher price movements. Over the week, Solana’s price has surged by over 15%, signaling robust uptrend momentum within the crypto market. The recent rally in Bitcoin’s price seems to have fueled an altcoin rally, as Cardano has also seen a weekly rally of over 21%. According to Peter Brandt, ADA is set to undergo a major rally, with the double-bottom pattern as the confirmation. However, the crypto market spotlight has shifted to Remittix (RTX) presale as the project hits impressive milestones with a new price rally to $0.0217, representing an over 44% rally from its starting price of just $0.015. Investors believe Remittix has a unique value proposition at its core, owing to its unique PayFi protocols that simplify cross border payments. Solana Price Rallies By Over 15%, Breaking Key Resistance Levels As Eyes $330 Solana has been cementing its place among the top altcoins, having regained a bullish outlook with a daily surge of over 3%. Solana’s impressive performance signals strong investor confidence backed by its technical indicators, including the RSI at 61. Recent On-chain data points to a significant whale activity within the SOL token. A prominent Solana whale recently spent around $2.49M to acquire 11,824 SOL tokens. This was followed by a withdrawal of around $3.94M worth of tokens from Binance, depositing the funds to Kamino and borrowing $20M stablecoins on the DeFi platform. This increasing whale activity suggests a surge in institutional investors’ trust in the Solana token. Moreover, according to Jelle, the ongoing rally in the price of Solana has helped the token break past key resistance levels. The SOL price broke free from its long standing dipping trend to reclaim its weekly and monthly support levels, signaling that…
Filed under: News - @ January 19, 2025 8:26 pm