In what may come as a surprise to some, Cardano emerged victorious in a recent poll, beating out both Ethereum (ETH) and Solana (SOL). In fact, crypto rating agency Weiss Crypto shared a poll on X (formerly Twitter) in which Cardano beat out its competitors.
This result is rather surprising given the status of both ETH and SOL, two assets that represent some of the most important in the cryptocurrency space. Furthermore, Solana has firmly established itself as one of the big three in cryptocurrencies alongside Ethereum and Bitcoin through 2024.
Cardano Leads ETH and SOL? Polls Show One Area Where ADA Has a Clear Advantage
Cardano has had a tough year so far. A lack of momentum has seen it drop out of the top 10 cryptocurrencies by market capitalization entirely. Specifically, Cardano has been overtaken by the fast-rising Tron (TRX), which has refused to relinquish its position. However, that may change soon.
Cardano is showing signs of a resurgence, with recent polls showing it dominating both Ethereum and Solana. Specifically, when Weiss Crypto asked its followers which of the three tokens has the “best tech,” ADA surprisingly took the top spot, winning by a landslide.
According to the poll, 76% of voters chose Cardano, while Solana came in second with 8.2% of voters backing SOL. Finally, Ethereum, the second-largest cryptocurrency by market cap, came in third with only 6.6% of voters backing it.
ADA’s victory over the two cryptocurrency giants came after the latest upgrade. In a post on X, Cardno founder Charles Hoskinson noted that the update increases its competitive potential. Specifically, Leios’ update could prepare it to challenge the notable speeds of Solana, which has long been considered the fastest major network.
Perceptions surrounding Cardano could ultimately benefit its price. The token certainly needs an upswing. According to CoinMarketCap, Cardano is stuck in a consolidation phase, dropping just 0.73% in the past 30 days. In the past 24 hours, it has fallen more than 2% to trade at $0.33.
