Why did the founder of Cardano suddenly become interested in the Solana project?
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Answer Why did the founder of Cardano suddenly become interested in the Solana project?
Situation: Charles Hoskinson, Founder of The Cardano Project (ADA) chirp Recently on Twitter indirectly praised the Solana project, and asked to learn more about the project.
Tweet embed Looks like you guys are making waves. our end. Where can I find out more?
– Charles Hoskinson (@IOHK_Charles) August 30, 2021
Analysis:
According to some observers, “Hoskinson” was intimidated by Solana’s progress, as he praised them for their success, as the digital currency of the SOL project advanced to the eighth place in terms of total market value, after reaching a new record.
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Mr. Raj Gokal, co-founder of the Solana project, replied to Hoskinson stating that private messages are open for any inquiries.
Hi there, dm’s open!
– Raj Gokal | .SL (@rajgokal) August 30, 2021
The conversation between the two may seem fascinating to many as they are categorized as “Killer Ethereum Projects” by their supporters.
The price of the digital currency SOL crossed the $100 level earlier today, setting a new high of $101.8 and is currently trading at $100.
The altcoin has surged 33% in the past week and has nearly tripled in price since the beginning of August.
The SOL cryptocurrency has closed seven consecutive positive weekly candles in the past two months, indicating the strength of the bullish momentum that has developed over time.
Project Solana, a programmable decentralized blockchain is seen as one of the fastest growing cryptocurrency systems with nearly 400 projects on the platform spanning across Defi and NFT.
Hoskinson’s keen interest in the project may also be due to Alonzo’s upcoming upgrade of Cardano, scheduled for September 12, that will incorporate smart contract support.
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This will enable Cardano to support Dapps and NFT projects, something Solana is currently doing with great success.
The ADA cryptocurrency has also surpassed its previous high of $2.47 as the date for the major upgrade approaches.
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The currency is currently trading at $2.80, moving sideways after facing rejection at $3.
The highest peak reached by the ADA cryptocurrency is $2.97.
The hype around Cardano’s promotion is very high as evidenced by social media.
Currently, Ethereum is too big for new projects to get rid of or even approach it, but the expansion of Ethereum has led to scalability problems, making way for new projects to enter the competition line such as Cardano and Solana.
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