Cardano Smashes Past $1 After 34 Days, Surpasses SOL and LUNA

Cardano (ADA) finally broke past the psychological resistance level of $1 after 34 days of trading under a dollar. Additionally, ADA surpassed both Solana (SOL) and Terra (LUNA) in market cap rankings via CoinMarketCap data.

This is only the beginning for Cardano, at least according to Charles Hoskinson, Founder of Cardano. According to a tweet made by Hoskinson, most dApps are still waiting for the Vasil hardfork to launch in June to benefit from pipelining. Therefore, there is still much to expect from Cardano’s growth – at least until June rolls over.

Furthermore, in a separate tweet, Hoskinson proudly proclaimed Cardano’s achievements. Specifically, how Cardano has millions of native assets issued and hundreds of dApps. This is in contrast to a 2-year old tweet by Hoskinson claiming Cardano will have “thousands of assets and dApps.”

At the time of writing, ADA trades at an estimated amount of over $1. With a growth rate of 15% over the past 24 hours. It has a market capitalization of over $38B with a 24-hour trading volume of $4,272,729,281.

Meanwhile, LUNA is trading at a high amount of over $94, with a growth rate of 0.72% over the past 24 hours. It has a market capitalization of over $34B with a 24-hour trading volume of $1,832,353,738.

Similarly, SOL is trading at a high price of over $99, with a growth rate of over 9% over the past 24 hours. It has a market capitalization of over $32B with a 24-hour trading volume of $3,112,871,412.