Solana, Cardano Both Up 21% Late Sunday, Setting Monthly Highs

Both Solana and Cardano surged in value by more than 21% late Sunday, re-entering territory not seen since November, according to CoinGecko data.

CardanoThe price of , the eighth-largest cryptocurrency by market capitalization, surged to $0.33, a level not seen since November 19th. Solanastarted a remarkable run 11% Jump It surged in value on Monday and surged again to $16.04 on Sunday. This is a region that has not been seen since Nov. 9 when it was on the way to collapse by more than 50% in the last three days.

I saw solana best first week of the year Out of the top 20 coins, today cleared a 60% increase in 7 days.SOL’s sharp rebound is remarkable 41% or more In the wake of the collapse of FTX. Solana, once dubbed the “Ethereum Killer,” was once a favorite of Sam Her Bankman Her Freed.

According to CoinGecko, Solana has fallen 94% from its all-time high of $259 just a year ago following the fall of its infamous founder last fall.

Solana is Proof of Stake A (PoS) layer 1 blockchain network that allows developers to create decentralized financial applications (DeFi) and non-fungible tokens (NFTs).

Last week’s bump happened as a Solana developer launch A new Shiba Inu-themed BONK coin created to rival the launch party didn’t last longBONK still outperforms all major cryptocurrencies.

Dealing with prices of 1/10,000ths of a cent helps, but profits over 3,000 percent are hard to beat.

The factors behind this week’s ADA rise are less clear.The last major milestone of blockchain was its implementation Long-awaited Vasilfork in September.Still, there have been some recent buzz around Cardano co-founders Charles Hoskinson.

Hoskinson’s company, Input Output HK, has announced a pending lace wallet for Cardano. And on Thursday, Hoskinson announced that his new Hoskinson Health & Wellness Clinic in Wyoming will accept his ADA as payment.

Hoskinson, June announced Opening of Nessie’s, an ADA-accepted restaurant and whiskey lounge.

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