Cardano founder shared a video and noted that ADA & Sol coins are fighting against each other in this present situation.
Charles Hoskinson is the founder of Cardano blockchain and he is also CEO of IOHK, a developer team behind Cardano blockchain. Charles is a very experienced personality in this crypto Industry because of his past work experience in the Ethereum project as a Co-founder. In 2017, Charles started his blockchain project Cardano to make blockchain technology a leading blockchain financial tool at the commercial level unlike Ethereum.
On 12 May, Charles shared a link to a video of “Lord of the Rings” and wrote that the situation of Solana and Cardano is like the situation of the characters’ fight in the video, on the crypto price tracking platform Coinmarketcap.
Through this tweet, Charles tried to explain that Solana’s coin & Cardano’s ADA coin are fighting against each other to grab a better position, in the form of rivals.
After the tweet by Charles, many Twitter users suggested not to compare Cardano with Solana because Solana is a centralized blockchain Network, while Cardano is decentralized.
At present, Cardano is giving a better competition against Solana. Cardano’s ADA is standing at 7th rank with a 38% high over the last 24 hours.
Solana coin is standing at 8th rank with a 24% high price over the last 24 hours.
Here Solana will require to collect $2 billion worth of more Market Cap to surpass Cardano.
At present, Solana is standing below Cardano because of its network outages many times. In the last 6 months, the Solama network faced outages around 6 times, and that resulted in a very negative response for this project, in terms of trust and investment among the crypto investors.