Saturday, April 1, 2023

ADA is 75% Higher Than SOL By Market Cap, But Its Price is Quite Low

  • Bitboy tweets that SOL fan trolls try to make the coin more important than ADA. 
  • The analyst states that SOL is lower than ADA in market cap.
  • However, SOL showed a relatively high price surge than ADA.

Crypto analyst Ben Armstrong aka Bitboy tweeted about the market caps of two major coins Solana (SOL) and Cardano (ADA). He opined it is so sad that fan trolls are trying to make Solana look more relevant than Cardano. But the fact is that Cardano is 75% higher than Solana in terms of market cap.

Moreso, Armstrong added that Cardano is among the top ten coins by market cap, whereas Solana is in the 14th position struggling with Tron (TRX). In detail, the market cap of ADA is 8.94 billion, and SOL and TRX are almost 5.07 billion.

While analyzing the price of ADA, there has been a 4.32% and 5.33% increase in the past 24 hours and the last seven days, respectively. The coin exchanged hands at $0.2648 as of this writing.

Meanwhile, SOL is 16.83% high in the past 24 hours and trades at $13.83. In the last week, SOL surged by 36.85%, which is relatively higher than ADA’s hike. Although ADA topped SOL in market cap, its recent price surge is comparatively low.

ADA/USDT- 1-Day Trading Chart (Source: TradingView)

In detail, ADA signaled an uptrend as the entire crypto market is up since the beginning of this year. However, ADA showed a red candle on the past day. In the intraday trading, ADA shot up to $0.2658, which is quite high than the past three days. 

If ADA should stage a good uptick, it should at least tap at the 51-day EMA line and promise a price near $0.3000. If this surge happens, ADA could reach the $0.3210 resistance zone. If things work in contrast, ADA could plunge back to the $0.2440 support zone.

SOL/USDT- 1-Day Trading Chart (Source: TradingView)

SOL has also surged as the market wears a fresh uptrend. As mentioned, SOL climbed up by 16.83% over the past day, and it is moving near the 51-day EMA line. If it touches the EMA line, it could soar in the following days. Notably, among the top 50 coins by market cap, SOL surged with the highest range in the past 24 hours.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

  • Bitboy tweets that SOL fan trolls try to make the coin more important than ADA. 
  • The analyst states that SOL is lower than ADA in market cap.
  • However, SOL showed a relatively high price surge than ADA.

Crypto analyst Ben Armstrong aka Bitboy tweeted about the market caps of two major coins Solana (SOL) and Cardano (ADA). He opined it is so sad that fan trolls are trying to make Solana look more relevant than Cardano. But the fact is that Cardano is 75% higher than Solana in terms of market cap.

Moreso, Armstrong added that Cardano is among the top ten coins by market cap, whereas Solana is in the 14th position struggling with Tron (TRX). In detail, the market cap of ADA is 8.94 billion, and SOL and TRX are almost 5.07 billion.

While analyzing the price of ADA, there has been a 4.32% and 5.33% increase in the past 24 hours and the last seven days, respectively. The coin exchanged hands at $0.2648 as of this writing.

Meanwhile, SOL is 16.83% high in the past 24 hours and trades at $13.83. In the last week, SOL surged by 36.85%, which is relatively higher than ADA’s hike. Although ADA topped SOL in market cap, its recent price surge is comparatively low.

ADA/USDT- 1-Day Trading Chart (Source: TradingView)

In detail, ADA signaled an uptrend as the entire crypto market is up since the beginning of this year. However, ADA showed a red candle on the past day. In the intraday trading, ADA shot up to $0.2658, which is quite high than the past three days. 

If ADA should stage a good uptick, it should at least tap at the 51-day EMA line and promise a price near $0.3000. If this surge happens, ADA could reach the $0.3210 resistance zone. If things work in contrast, ADA could plunge back to the $0.2440 support zone.

SOL/USDT- 1-Day Trading Chart (Source: TradingView)

SOL has also surged as the market wears a fresh uptrend. As mentioned, SOL climbed up by 16.83% over the past day, and it is moving near the 51-day EMA line. If it touches the EMA line, it could soar in the following days. Notably, among the top 50 coins by market cap, SOL surged with the highest range in the past 24 hours.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

 

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