Cardano (ADA) continues to face challenges regaining momentum in the crypto market despite brief periods of recovery. The asset’s recent performance highlights the scale of growth required for it to reclaim its former position above Solana (SOL) in global cryptocurrency rankings. Cardano saw renewed optimism earlier this week after its price briefly rose to $0.6913, prompting speculation that it could retest the $0.70 resistance level. However, the recovery was short-lived. The token declined to $0.6394 during Tuesday’s trading session before stabilizing slightly at $0.6402. Overall, Cardano remains down more than 3% over the past 24 hours and has recorded a monthly loss exceeding 20%. The broader market has also experienced a similar downturn, with Solana among the assets impacted. At the time of writing, Solana has declined by approximately 0.86% in the last 24 hours. Despite these temporary setbacks, both assets remain key players in the layer-one blockchain sector. Cardano Community Anticipates a Stronger November Members of the Cardano community remain optimistic about the project’s near-term outlook. Crypto commentator Tyler Burke recently pointed out that November has historically been a positive month for ADA. He referenced the 216% rally that occurred in November 2024, which coincided with major political and market events. Burke suggested that a similar pattern could repeat, encouraging investors to monitor the asset closely as November approaches. His remarks reflect broader sentiment among Cardano supporters who believe the token could soon regain lost ground despite recent volatility. Comparing Cardano and Solana’s Market Positions Currently, Solana ranks as the sixth-largest cryptocurrency by market capitalization, while Cardano has fallen to tenth place. According to market data, Cardano’s valuation stands at roughly $23 billion, with each ADA trading near $0.64. Meanwhile, Solana maintains a significantly higher market capitalization of about $106.8 billion, supported by a trading price of approximately $197 per SOL. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 For Cardano to overtake Solana , its market cap would need to exceed Solana’s current valuation. This means ADA’s total market capitalization must increase by roughly 365%, reaching around $107 billion. Given Cardano’s circulating supply of about 35.85 billion tokens, such a valuation would translate to a price of approximately $2.98 per ADA. This target remains slightly below Cardano’s previous all-time high of $3.10, recorded in September 2021. Realistic Prospects and Market Implications While these figures are technically achievable, they rely on the assumption that Solana’s market cap remains steady, an unlikely scenario given its ongoing network development, increasing adoption, and growing institutional interest. For Cardano to catch up, it would require substantial capital inflows and renewed enthusiasm among investors, as well as notable progress in ecosystem development, including dApp activity, DeFi participation, and scalability improvements. Despite current challenges, analysts acknowledge that ADA still holds long-term potential due to its strong community, consistent network upgrades, and academically driven approach to blockchain innovation. However, overtaking Solana in the near term would demand sustained momentum across both market sentiment and technological advancement. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Can Cardano (ADA) Flip Solana (SOL)? Here’s What Must Happen appeared first on Times Tabloid .
