Solana’s meteoric growth vs. Cardano’s struggles
From September to December 2024, Solana outshone Cardano with its fast transaction speeds and minimal fees. Solana’s robust ecosystem growth also played a key role. It can process over 65,000 transactions per second, which attracted many projects and users.
This surge drove SOL’s price above $240 in November, then it consolidated near $216 as volume declined. Solana’s OBV remained strong, reflecting continued market interest. Despite this, the RSI dipped toward 44, indicating short-term cooling.
Source: TradingView
Cardano, on the other hand, faced structural hurdles. While ADA briefly surged to $1.20 in November, its lack of notable network upgrades and slower throughput—capped at around 250 transactions per second, limited the coin’s momentum.
Cardano’s RSI hovered near neutral at 50, signaling investor indecision, while OBV flat lined, suggesting weak capital inflows.
Source: TradingView
Solana’s ecosystem expansion, fueled by DeFi and NFT adoption, has positioned it as a clear market leader.
Meanwhile, Cardano’s challenges in scaling and developer engagement have kept it lagging, leaving its once-prominent market position under threat.
