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- Cardano and Solana’s prices have surged significantly in 2023.
- Solana has improved by 20% in 7 days while Cardano hiked by 20%.
- Solana’s new meme coin BONK and Charles Hoskinson’s new hospital are anticipated to be the cause behind the rise in values.
Cryptos Solana and Cardano experience significant increases in value after entering 2023. While Solana started the new year with a 90% hike in 2022, the token rallied over 20% in just seven days, currently trading at $16. Meanwhile, Cardano plunged more than 25%, jumping it to $0.31.
Crypto investment platform Mudrex’s CEO and co-founder, Edul Patel shared that while Cardano and Solana reached lows in December 2022, the coins recovered strongly with a heavy increase in price in 2022. Patel added:
The crypto market’s overall recovery, specifically Bitcoin’s, may have contributed to the rebound of these altcoins. Accumulation of whales may also have played a role.
Patel further continued that ‘BONK’, Solana’s new meme coin, accelerated the rise in large transactions by investors and traders seeking to cap ...
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