Sunday, both solana and cardano experienced a surge in their prices, with solana spiking 21% to $16.04 and cardano spiking 21% to $0.33. solana had the best first week of the year out of any top-20 coin, increasing by 60% over seven days. solana is a proof-of-stake (pos) layer-1 blockchain network, and charles hoskinson’s cardano is a third-generation blockchain platform.
Spikes in solana and cardano occurred late sunday, with solana’s price not seen since november 9 and cardano’s price not seen since november 19. additionally, input output hk is preparing for the launch of the lace wallet for cardano and charles hoskinson’s new hoskinson health & wellness clinic in wyoming will accept ada as payment. in june, hoskinson also announced the opening of nessie’s, a restaurant and whiskey lounge where ada would also be accepted.
Surge came after the launch of a new, shiba inu-themed bonk coin last week, which outperformed all major cryptocurrencies over the week. solana was once called an “ethereum killer” and was once a favorite of sam bankman-fried, however it plummeted 94% from its all-time high of $259 recorded just one year prior. cardano’s last major milestone was the implementation of its long-awaited vasil fork in september.