Solana (SOL) sets remarkable pace in crypto market with 29.4% price surge in just week, dwarfing Cardano's 4.1% uptick
Currently priced at $28.40, Solana experienced a 29.4% rise over the past seven days, while Cardano's price edged up just 4.1% to $0.25.
Solana's market cap stands at nearly $11.9 billion, which puts it in eighth place by market capitalization, according to CoinGecko's rankings. Cardano, which is currently valued at $9 billion, currently stands at ninth place.In addition, Solana's recent rally was not just limited to overshadowing Cardano.
Asian investors appear to be a significant force behind Solana's impressive performance, according to recent data.The graph above shows that the APAC region has shown a significant upward trajectory in the cumulative returns for SOL. At the same time, the U.S. remains stable, and the EU experiences a modest rise.By comparison, Ethereum led the pack with NFT sales of over $9.9 million, followed by Mythos Chain at around $1.39 million.
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