Solana and Cardano shouldn’t be tossed out with the bathwater.
Solana (SOL +3.60%) and Cardano (ADA +3.66%) declined more than 50% and 60%, respectively, over the past 12 months. High Treasury yields, expectations for fewer interest rate cuts, and more conservative institutional investing all chilled the crypto market. Leveraged liquidations also triggered waves of profit-taking among retail and institutional investors.
During that sell-off, smaller altcoins like Solana and Cardano fared worse than “blue chip” plays like Bitcoin (BTC +0.98%) and Ethereum (ETH +1.30%). However, Solana and Cardano might be worth buying before those headwinds dissipate and the crypto market recovers.
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