Cardano: Recent Poll Has ADA Beating Out Ethereum & Solana
In what would come as a surprise to some, Cardano has emerged victorious in a recent poll that sees ADA beat out both Ethereum (ETH) and Solana (SOL). Indeed, cryptocurrency rating agency Weiss Crypto shared a poll on X (formerly Twitter) that saw Cardano dominate the competition.
The outcome is rather surprising considering the status of both ETH and SOL. The two assets represent some of the most important in the crypto space. Moreover, Solana has firmly established itself throughout 2024 as one of the crypto’s big three, alongside Ethereum and Bitcoin.
Also Read: Cardano Founder Says ADA Upgrade Makes it Faster Than Solana
Cardano Leads ETH and SOL? Poll Shows the One Area ADA is Clearly Favored
Throughout this year, Cardano has certainly struggled. It’s lack of momentum has led it to exit the Top 10 cryptocurrencies by market cap entirely. Specifically, the token was surpassed by a surging Tron (TRX) that has refused to relinquish its position. Yet, that could be set to change soon.
Cardano may be in line for a resurgence, as a recent poll shows it dominating both Ethereum and Solana. Specifically, Weiss Crypto asked its followers which token of the three had “the best tech?” Surprisingly, ADA took the top spot and ran away with the victory.
Also Read: Cardano (ADA) Vs. TRON (TRX): Which Will Hit $1 First?
The poll results show that 76% of voters opted for Cardano. Alternatively, Solana was second, with 8.2% of voters favoring SOL. Finally, Ethereum was in third, with only 6.6% favoring the second-largest cryptocurrency by market cap.
ADA’s win over the two crypto titans comes after its most recent upgrade. In a post to X, Cardno founder Charles Hoskinson noted that the update comes with greater competition potential. Specifically, a Leios update could have it prepared to compete with the notable speed of Solana; long viewed as the fastest prominent network.
The perception of Cardano could eventually benefit its price. The token could certainly use the boost. It has been stuck in a consolidation phase, decreasing only 0.73% in the last 30 days, according to CoinMarketCap. In the last 24 hours, it has dropped more than 2%, trading at $0.33.