
Jakarta, Pintu News—A declining crypto market did not deter top analyst AM_Panic from devising three scenarios that could see Cardano surpass Solana .
In a volatile market, this analysis is under scrutiny, as the Bitcoin price drop is affecting the entire sector.
Check out the full analysis here!
Cardano has shown significant growth with plans to increase its scalability. AM_Panic emphasized that Cardano’s ability to implement its scalability plans will largely determine the price of ADA in the future.
If successful, this will attract more Decentralized Applications (dApps), benefiting the blockchain and improving its position above Solana. This will not only increase the network’s capacity but also the potential for wider adoption.
With a stronger infrastructure, Cardano can become more attractive to developers and users, ultimately strengthening the ADA exchange rate in the market.
Read also: Patrick Bet-David: “Ripple (XRP) Can Reach $1,000, But There Are Obstacles to Overcome!”
Solana faces several challenges that could affect its price. AM_Panic predicts that any setbacks or regulatory challenges to the Solana network could negatively impact its price. If the price of SOL drops by 20%, this will affect their market capitalization, which currently stands at $50.11 billion.
This decline will make Solana more vulnerable and allow Cardano to increase its growth. In addition, criticism of Solana sacrificing decentralization for speed raises concerns about its long-term sustainability.
Also read: XRP continues to weaken, will it freefall to $1.47? Technical Analysis Shows This!
Favorable market conditions also play an important role in the third scenario. AM_Panic suggests that bullish trends in the crypto market or further regulatory clarity, especially with Donald Trump’s presidency, could work in Cardano’s favor.
If the market is favourable, the stable and research-based Cardano could be a more attractive alternative. With favorable market conditions, Cardano has the potential to attract greater investment and adoption.
This will strengthen their position in the market and possibly allow them to surpass Solana in terms of market capitalization and usage.
Considering the three scenarios outlined by AM_Panic, there is significant potential for Cardano to surpass Solana in the crypto market competition. While both blockchains have their own strengths and weaknesses, the right strategy and favorable market conditions could greatly influence the dynamics between these two cryptos.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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