Cardano has demonstrated its dominance in the blockchain space with a groundbreaking achievement. Powered by Hydra, its advanced layer-2 scaling solution, the network successfully completed an astonishing 2 billion transactions in just four hours—more than double Visa’s daily volume. This milestone not only highlights Cardano’s technical capabilities but also positions it as a serious contender in the DeFi sector, further solidifying its reputation as a leader in scalability and innovation.
With Hydra enabling Cardano’s network to process over 9,900 transactions per second, the blockchain has overtaken Solana in transaction speed, reshaping the competitive landscape of high-performance blockchains. The achievement has sparked renewed interest among investors, propelling ADA, Cardano’s native token, above the $1 mark.
Market Dynamics: ADA and SOL Price Analysis
Solana’s Bullish Momentum
Solana (SOL) is currently trading between $220 and $255, hinting at bullish momentum. The 10-day simple moving average is at $239, just above the 100-day average of $231, suggesting a positive short-term trend. With a 41% increase over the past month, SOL demonstrates significant growth potential. The immediate resistance level is at $273; surpassing this could propel the price toward $308, representing a possible gain of up to 28% from current levels.
👉 Explore Solana’s growth potential
Cardano’s Surge and Future Targets
ADA has seen a remarkable price increase of over 248% in the past month, currently trading between $0.96 and $1.25. Bulls seem to be influencing the market, pushing the price toward the nearest resistance level at $1.35. If this level is breached, ADA could aim for the second resistance at $1.64, representing a potential gain of around 30%. The Relative Strength Index at just under 40 suggests there’s still room for growth before entering overbought territory.
Key Takeaways for Investors
- Cardano’s Scalability: Hydra’s L2 solution makes ADA a strong contender for DeFi adoption.
- Solana’s Resilience: Despite competition, SOL maintains bullish technical indicators.
- Market Sentiment: Transaction volumes for both coins are rising, signaling investor confidence.
👉 Why Cardano’s speed matters for DeFi
FAQs
Q: How does Cardano’s transaction speed compare to Solana’s?
A: Cardano now processes ~9,900 TPS with Hydra, surpassing Solana’s ~2,800 TPS.
Q: What drives ADA’s price surge?
A: Scalability milestones, DeFi integration, and bullish market sentiment.
Q: Is Solana still a good investment?
A: Yes, with strong technicals and a 41% monthly gain, SOL targets $273 resistance.
Q: Where can I trade ADA and SOL securely?
A: Use platforms that prioritize non-custodial swaps and low fees.
Disclaimer: This content is for informational purposes only. Cryptocurrency investments are volatile; conduct independent research before investing.