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Bitcoin Breaks $100K in Blitzkrieg Rally, Yet Cardano, Solana, and Sui Shine

Published 05/12/2024, 11:40
Updated 05/12/2024, 18:15
Bitcoin Breaks $100K in Blitzkrieg Rally, Yet Cardano, Solana, and Sui Shine
ADA/USD
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SOL/USD
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Coin Edition -

  • ADA, SOL, and SUI are among the most-performing cryptocurrencies.
  • Each of the blockchains thrives on unique attributes.
  • SUI’s low capitalization leaves room for more upside movement.

An Altcoin Buzz analyst has identified Cardano (ADA), Solana (SOL), and Sui (SUI) as some of the most-performing cryptocurrencies in the current crypto market bull run. ADA recently gained over 200% in a single month, SOL achieved a new all-time high in November, and SUI reached record levels in an impressive bull market rally.

The analysts considered Charles Hoskinson’s efforts and those of the Cardano team as the tailwind that could boost ADA’s value in 2025. The Cardano team’s commitment to scientific research sets the blockchain project apart. Every upgrade undergoes rigorous academic review, ensuring the network’s robustness and security. Cardano excels in smart contracts, DeFi, and governance. Its ecosystem recently gained traction with DeFi protocols and is driving user adoption.

Unlike Cardano, Solana’s Proof-of-History (PoH) consensus, combined with Proof-of-Stake (PoS), allows the network to handle thousands of transactions per second. The blockchain’s exceptional transaction speed and low fees give it an edge, making it suitable for real-time applications. Solana’s dominance as an ecosystem for memecoins is a factor in its recent growth. It hosts 89% of the 181,000 new tokens issued over a year.

Meanwhile, Sui, the blockchain project developed by former Meta employees, has grown significantly in the past year. This novel blockchain is known for scalability and security, with an edge in focusing on parallel transaction processing. Sui’s algorithm allows it to scale without encountering the regular blockchain challenges, making it an appealing platform to many dApp developers.

These three projects have enjoyed positive market sentiment, performing exceptionally well, especially in the last month. Crypto analysts predict more upside movement for all three blockchain tokens. ADA is projected to surpass its 2021 all-time high of $3.16.

Read also: SUI’s Breakout vs Solana’s Stability: Who Wins in 2025?

SOL recently surpassed its all-time high from the last bull cycle. However, crypto analysts predict further upside movement for the blockchain token, considering its growing adoption.

Sui is the least capitalized among all three highlighted tokens, considering it launched only last year. The Altcoin Buzz analyst views its relatively low market cap as a potential opportunity for more upward movement. He predicts higher targets for SUI, as the blockchain project may look to close the gap with its decentralized counterparts.

The post Bitcoin Breaks $100K in Blitzkrieg Rally, Yet Cardano, Solana, and Sui Shine appeared first on Coin Edition.

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