Solana All-Time High And Cardano (ADA) In The Top 3

---

There are a number of projects that performed particularly well over the past week. The first is the Solana project that positions itself as the Ethereum killer. The project has many similarities with Ethereum, such as smart contracts and hosting DeFi protocols. However, Solana completely supports Proof-Of-Stake and claims to be able to process more transactions per second than Ethereum. In theory, a great alternative.

Investors thought so too this week, pushing the Solana project up more than 100%. Last week the coin traded below $40 and today the project hit a new all-time high of $81.81. A very nice return for early investors. Also, Solana is now in the top 10.

>> Solana is available on the Bitvavo Exchange

Unfortunately Solana had her first rug pull a few days ago. Luna Yield, a yield aggregator, ran off with $10 million in user funds.

Luna Yield, the latest IDO on our Launchpad, seems to have some problems. The Luna Yield Team took down their website and all other social media. They also withdraw all liquidity. SolPAD still can’t reach Luna Yield Team to figure out what happened.

— SolPAD (@FinanceSolpad) August 19, 2021

Cardano in the top 3

Cardano stole the number 3 position of Binance Coin today by a difference of almost 3 billion dollars. Cardano rose 80% in the past two weeks, partly due to the fact that the company is on schedule for the release of smart contracts on the platform. This is expected on Sunday 12 September 2021.

Today, Cardano is down just under 2% and is trading about 4% lower from yesterday’s all-time high of $2.58.