After ending October in the red, Cardano has now slipped under rival Solana
Solana has surpassed the market capitalization of Cardano for the first time, according to data provided by cryptocurrency ranking website CoinGecko.
At the time of going to press, the two “Ethereum killers” are worth $ 64.1 billion and $ 63.5 billion, respectively.
After the launch of smart contracts in early September, Cardano’s rally hit the pause button.
In October, as the larger crypto market posted strong gains, ADA lost 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% off its all-time high of $ 219 set on October 28.
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 stiff 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.
