SOL Beats BTC, ADA Refuses to Lag Up To $0.53!


"Fulamak is not ordinary, when the price of BTC goes up, the others also follow."

Unexpectedly, the price of Solana cryptocurrency (SOL) quickly climbed to $105 early this morning from $93 on February 6, 2024 to outperform the biggest digital asset Bitcoin (BTC) this week.

This is because SOL has made an important announcement regarding pre-orders for the second release of their blockchain phone called Solana Mobile and as of Thursday yesterday, SOL received 85,000 pre-orders.

So here it can be seen that SOL can continue its rise to $117.03 if the price can break through $107.12, but if it fails then the digital asset can fall back below $90.79 or more.

In addition to SOL, Cardano (ADA) also saw a significant rise driven by positive digital asset sector trends plus prominent crypto analyst Ali Martinez hinted at a price hike.

According to Martinez, ADA needs to maintain its position above $0.53 to target the next price at $0.68 and this has sparked confidence among ADA investors as they like to closely monitor price movements in anticipation of potential profits.

It would also like to be informed that ADA which saw an increase of 11.25% in Open Interest at $86.12 million has shown confident sentiment about the future prospects of ADA increasing while ADA Futures Open Interest achieved 12.05% at $335.35 million.

As of this writing, SOL price has surged by 2.89% to $105.27 in the last 24 hours with a market capitalization of $45 billion then recorded a 5.82% increase over the last week.

While ADA gained 5.14% at the level of $0.53 in the last 24 hours with a market capital of $19 billion and climbed 5.58% in the last seven days.