Altcoins Surge: Solana and Cardano Reach New Heights
• Solana (SOL) and Cardano (ADA) have surged by 20% in the last 24 hours, positioning themselves as top altcoin gainers.
• Solana’s price has gained nearly 70% and is trading at $13, just a few figures away from its next bull run.
• Cardano (ADA) has managed to become the 8th largest cryptocurrency by market cap and has accumulated more than 200 million ADA coins.
The crypto market is seeing a surge in activity as the world’s largest cryptocurrency, Bitcoin, has managed to surpass the $17,000 mark, leading the recovery rally. Several altcoins have seen a significant increase in their prices, with two of them, Solana (SOL) and Cardano (ADA), being the top altcoin gainers.
Solana has seen a remarkable increase in its price, gaining nearly 70% and pushing the price from December 2022’s $8 to the present $13. This comes after the cryptocurrency saw a 95% fall before the bulls made their way back in 2023. Many traders are optimistic that Solana will move past the $15 mark in the days to come.
Cardano also has managed to get positioned as the 8th largest cryptocurrency by market cap after flipping Dogecoin. This comes after Cardano successfully gained 20% in the last 24 hours, bagging it a spot on today’s toppers list. Moreover, addresses holding 1M to 100M ADA have accumulated more than 200 million ADA coins, giving Cardano a strong start to its 2023 journey.
Both Solana and Cardano are just a few figures away from their next bull run, and with their prices surging, they could be well on their way to achieving it. This surge in the prices of these altcoins is a sign of recovery for the crypto market as a whole and shows that the market has the potential to reach greater heights in the days to come.