Solana vs Cardano

Overvalued or undervalued, that is the question

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Solana and Cardano are the hottest names in the blockchain space right now. Both are trending close to their all time highs with their native cryptocurrencies enjoying fully diluted valuations of $85 billion and $105 billion respectively. The two questions we want to answer in this article are, are the valuations justified? And, is there additional upside potential for investors?

Solana and Cardano are by no means the only blockchain projects vying to take the food from Ethereum’s plate. In fact there are over 100 different blockchains to choose from. It is not a foregone conclusion that either Solana or Cardano will be leading players in this market with the likes of Polkadot, Cosmos and Algorand all providing their own formidable challenge. However the market has spoken. We are here to explore if investors should follow the market or their own path.

About Solana

The Solana protocol is designed to facilitate decentralized app (DApp) creation. It…