cryptoknowmics.com
Mike Novogratz, the CEO of Galaxy Digital, has clarified his stance on Cardano (ADA) after yet another discussion with Charles Hoskinson. He said that though he does not wish bad of the Cardano community, there are better alternatives present in the market.
Mike Novogratz says Better Alternatives than Cardano (ADA) are There
Mike Novogratz has recently stated that there are other cryptocurrencies in the market that can prove to be the better alternatives for Cardano. Naming them, he called out Terra and Solana and mentioned that these layer-1 blockchains have added advantage over Cardano.
When Novogratz questioned the rise in the price in the native token of Cardano, ADA, he was countered by Charles Hoskinson on Twitter.
Mike is an ex-hedge fund manager, formerly of the investment firm Fortress Investment Group and the CEO of Galaxy Investment Partners that are focused to invest in cryptocurrencies such as Bitcoin and Ethereum.
Well, following his statement he was targeted by the rapidly surging powerful community behind the fourth largest cryptocurrency in the world in terms of market capitalization.
Solana (SOL) and Cardano Surging Significantly
As reported by some of the leading market data aggregators, Solana managed to touch an all-time high of $67.20 earlier today. Following this, the asset was able to take an entry into the top 10 cryptocurrencies in the world.
After the crash in the market in the second quarter of the year, Solana became the first cryptocurrency to achieve this much growth.
Cardano, on the other hand, is also performing its best and is rallying significantly ahead of a major update in its network set to be implemented in the next month. As revealed, Alonzo hard fork is going to be deployed on September 12 on the Cardano network.
Talking about the flagship cryptocurrency Bitcoin, its market dominance has reportedly slopped to just 43.5 percent as the largest cryptocurrency is struggling hard to break above the level of $48K.