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.
Despite upcoming token unlocks, which are expected to have minimal impact on market dynamics, Cardano’s resilience lies in its efficiency-focused ecosystem. As the race for scalability intensifies, how will these advancements influence the prices of ADA and SOL? According to ChangeNOW, a platform for exchanging cryptocurrencies without registration, the transaction volumes for these coins have increased. This rise suggests that savvy investors concerned about fund safety are accumulating, potentially signaling future growth for both cryptocurrencies.
Solana’s Price Movements Hint at Bullish Trend Toward $273
Source: ChangeNOW
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. Technical indicators like MACD and RSI are in neutral to positive zones, indicating a balanced market sentiment.
For those interested, Solana is accessible on ChangeNOW without registration and hidden fees.
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Cardano (ADA) Surges 248%: Can Bulls Drive It Past $1.35 to Unlock 30% Gains?
Source: ChangeNOW
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. With support levels at $0.77 and $0.49, downside risk appears limited.
The current market setup seems favorable for those considering adding Cardano to their portfolio, easily done on ChangeNOW without registration or hidden fees.
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Efficient Tools for Crypto Investors and Businesses
The recent development of Cardano overtaking Solana in transaction speed opens up distinct opportunities for investors and traders interested in ADA and SOL. Cardano’s enhancement may increase ADA’s attractiveness, while Solana still offers strong features that maintain its appeal. Each cryptocurrency has unique characteristics that could affect their prices in the market. For those considering investing in these coins, ChangeNOW serves as an excellent platform. It enables users to exchange, buy, or sell ADA and SOL without hidden fees or requiring registration. By not holding user funds, it enhances security. Supporting over 900 cryptocurrencies, offering unlimited transaction volumes, and providing the option to purchase crypto with a bank card, ChangeNOW ensures convenience and versatility.
Additionally, ChangeNOW’s NOWPayments API and Pro versions allow businesses to integrate cryptocurrency payments with ease. Utilizing these tools can help companies attract clients who favor crypto transactions, simplify processes, and set up instant transaction points. Whether someone is an investor, trader, or business owner, ChangeNOW offers a blend of convenience, efficiency, and profitability to fulfill various crypto needs.
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