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Solana Flips Cardano as Battle of “Ethereum Killers” Intensifies

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Tue, 2/11/2021 - 18:30
Solana Flips Cardano as Battle of “Ethereum Killers” Intensifies
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Solana has surpassed the market capitalization of Cardano for the first time, according to data provided by cryptocurrency ranking website CoinGecko.

At press time, the two “Ethereum killers” are worth $64.1 billion and $63.5 billion, respectively.

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After the launch of smart contracts in early September, Cardano’s rally hit the pause button.

In October, while the broader crypto market recorded significant gains, ADA shed 7%.

Cardano is still up by a stunning 980% in 2021. These gains, however, pale in comparison to Solana’s mind-blowing 17,319% rally.          

SOL is only 2% away from reaching its all-time high of $219 that was set on Oct. 28.

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Ether remains unbothered   

Presently, there are four direct Ethereum competitors in the top 10: Binance Smart Chain, Solana, Cardano and Polkadot.

Yet, the second-largest cryptocurrency is not deterred by the increasingly tough competition.

Earlier today, the Ether price surpassed the $4,500 level for the first time after CME Group announced that it would add micro futures that track the value of the coin in early December.

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