In Grayscale’s Q3 updates, a notable change is evident in the blockchain arena. Solana (SOL) has managed to overtake Cardano (ADA) to emerge as the premier asset in Grayscale’s Smart Contract Platform Ex-Ethereum Fund. Which one is better: Solana or Cardano?
Currently trading at an impressive $23, Solana’s market dynamics are worth noting. With a 7-day performance showcasing a substantial +15% increase, SOL is exhibiting significant market strength and investor confidence. This meteoric rise and strong performance might be attributing to its newfound dominance in Grayscale’s portfolio.
Cardano, priced at $0.26, remains a force to reckon with in the crypto realm. Its 7-day performance has registered a respectable +4% growth. Historically, ADA’s strategic positioning and innovative solutions have always garnered attention. Its consistent performance and adaptability in the ever-evolving crypto landscape further accentuate its significance.
Historically, until Q2 2023, Cardano was the undisputed leader in Grayscale’s Smart Contract Platform Ex-Ethereum Fund (GSCPxE) with a 25.89% weighting. However, as Q3 2023 concluded, Solana’s stellar ascent saw it clinching the top spot with a 27.28% weighting. This advancement positioned Solana marginally ahead of Cardano, which sustained its previous quarter’s 25.89% share.
The fund’s overall constitution remained stable, devoid of any token additions or omissions. Other assets in the fund include Polygon (MATIC) with 15.01%, Polkadot (DOT) with 14.25%, Avalanche (AVAX) at 10.24%, and Cosmos (ATOM) holding 7.33%.
For those following Grayscale’s varied portfolios:
In Grayscale’s Q3 updates, a notable change is evident in the blockchain arena. Solana (SOL) has managed to overtake Cardano (ADA) to emerge as the premier asset in Grayscale’s Smart Contract Platform Ex-Ethereum Fund. Which one is better: Solana or Cardano?
Currently trading at an impressive $23, Solana’s market dynamics are worth noting. With a 7-day performance showcasing a substantial +15% increase, SOL is exhibiting significant market strength and investor confidence. This meteoric rise and strong performance might be attributing to its newfound dominance in Grayscale’s portfolio.
Cardano, priced at $0.26, remains a force to reckon with in the crypto realm. Its 7-day performance has registered a respectable +4% growth. Historically, ADA’s strategic positioning and innovative solutions have always garnered attention. Its consistent performance and adaptability in the ever-evolving crypto landscape further accentuate its significance.
Historically, until Q2 2023, Cardano was the undisputed leader in Grayscale’s Smart Contract Platform Ex-Ethereum Fund (GSCPxE) with a 25.89% weighting. However, as Q3 2023 concluded, Solana’s stellar ascent saw it clinching the top spot with a 27.28% weighting. This advancement positioned Solana marginally ahead of Cardano, which sustained its previous quarter’s 25.89% share.
The fund’s overall constitution remained stable, devoid of any token additions or omissions. Other assets in the fund include Polygon (MATIC) with 15.01%, Polkadot (DOT) with 14.25%, Avalanche (AVAX) at 10.24%, and Cosmos (ATOM) holding 7.33%.
For those following Grayscale’s varied portfolios: