Can Solana or Cardano destroy Ethereum? | News Oct 26

Cardano and Solana are the fourth and sixth largest blockchains by market capitalization and have smart contracts under development. Additionally, both are referred to as “Ethereum Destroyers” because they try to attract users who are frustrated with Ethereum’s gas fees.

The question that investors frequently ask is: will Cardano or Solana win? Cryptocurrency researcher and reviewer Max Maher recently tackled this answer using multiple metrics and came up with a surprising result.

Cardano versus Solana

With some numbers, Maher to compare Cardano and Solana to understand which coin could be a better investment. Of course, Cardano seems to dominate because of its size. But when analyzing some specific indicators, Maher said:

“I was surprised to see that Solana had so many options if you looked at the data carefully.”

How are you? For both altcoins, Maher looked at the total number of wallet addresses with more than $ 2 and came up with the same number a month later. During this time Cardano posted a gain of 10.92%. However, Solana’s profit was 22.59%. This shows that Cardano’s total wallet addresses (at over $ 2) are double that of Solana’s.

Maher called Cardano’s profits “huge”, but Solanas called “incredible”.

“That means that if Solana holds 22.5%, it will overtake Cardano in terms of total user size and total wallet addresses in the next six months. This essentially underscores the growth and results that this percentage increase can bring. ”

Maher recorded the data for reference:

Source: YouTube

In addition, Maher also shows that Solana’s transaction volume on the network (30-day average) is around $ 2.2 billion, much higher than Cardano’s transaction volume.

Source: YouTube

So can Solana and Cardano development threaten Ethereum anytime soon? Maher commented:

“Indeed, I believe that if Ethereum loses its crown in the smart contract race … it will happen within the next year to two years.”

Eventually he admitted that he was “extremely” interested in these two projects.

But remember …

No blockchain or altcoin is perfect, both Cardano and Solana had their flaws and suffered from their FUDs.

In September the Solana mainnet beta was, as previously reported, affected by “constant instability”. The cause was an increase in transactions, which also set the fork in motion.

Cardano didn’t have a really smooth ride either. Cardano is known as the third largest blockchain by market capitalization and was recently banned under Binance Coin (BNB). At press time, the ADA price is $ 2.18 while the SOL price is $ 208.27.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Teacher

According to AMBCrypto

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page