Ethereum

Cardano

Solana

Bitcoin

<p style="text-align: justify"><strong>Bloomberg</strong> Intelligence <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">analyst</a> Jamie Coutts suggests that Solana (SOL), a strong rival of Ethereum (ETH), is positioned to outperform Cardano (<a href="https://en.coin-turk.com/cardano-ada-price-plummets-amid-regulatory-woes-yet-future-seems-promising/" data-wpel-link="internal" rel="noopener noreferrer nofollow">ADA</a>), another competitor of ETH.</p>
<h2 id="comparison-of-solana-and-cardano">Comparison of Solana and Cardano</h2>
<p style="text-align: justify">Senior cryptocurrency analyst Jamie Coutts points out that Solana has a much larger daily user base than Cardano, but the market value of ADA is still approximately 75% of SOL’s market value.</p>
<p style="text-align: justify">He believes that Cardano will gain market share in the more active Solana ecosystem and elevate itself against SOL. The analyst stated the following:</p>
<blockquote>
 <p style="text-align: justify">Despite Cardano only having 16% of the daily users, Solana still holds a market share of about 75%. There is still a long way to go for Cardano.</p>
</blockquote>
<p style="text-align: justify">Additionally, the senior analyst, referring to the shared charts, claims that the SOL/USD and ADA/USD pairs have surpassed bear market resistance and are trending upwards. At the time of writing, Solana’s market value was $17.30 billion, while Cardano’s was $12.71 billion.</p>
<p><img decoding="async" class="alignnone wp-image-274403 size-full" src="https://coin-turk.com/wp-content/uploads/2023/11/analis-1.jpg" alt="" width="1826" height="644"></p>
<h2 id="critical-metric-in-bitcoin">Critical Metric in Bitcoin!</h2>
<p style="text-align: justify">Jamie Coutts also highlights that the number of addresses holding <a href="https://en.coin-turk.com/signs-of-rising-in-cryptocurrencies/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC), the leading cryptocurrency, has reached an all-time high (ATH) after two consecutive purchases. He suggests that investors are holding onto their Bitcoin in the long term as they anticipate the approval of a spot Bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC). The senior analyst emphasized the following:</p>
<blockquote>
 <p style="text-align: justify">Despite the 100% rally in 2023, the situation remains strong thus far. The addresses that have been purchased twice and not sold have reached a new ATH of 844,000. This represents over three million BTC or 16% of the circulating supply. Holders will make ETF investors pay the price for this.</p>
</blockquote> Continue Reading: <a href="https://en.coin-turk.com/solana-vs-cardano-which-ethereum-competitor-will-prevail/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/solana-vs-cardano-which-ethereum-competitor-will-prevail/</a>

Solana vs Cardano: Which Ethereum Competitor Will Prevail?

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