Tension Between Cardano and Solana is Rising: Treasury Strategy and Price Potentials on the Table
The competition between Cardano (ADA) and Solana (SOL) has gained a new dimension with the criticisms of Solana’s founder regarding Cardano’s treasury strategy. The co-founder of Solana described Cardano's plan to convert part of its treasury funds into Bitcoin and stablecoins as "illogical," and these statements resonated in the crypto community.
Charles Hoskinson, the founder of Cardano, proposed that 5% to 10% of the $1.2 billion treasury fund be transferred to Bitcoin and stablecoins. The aim of this strategy is to provide stable returns to the treasury to support long-term ecosystem development. However, some circles view this proposal as a signal that confidence in ADA is weakening.
Performance Against BTC: Cardano's Recovery Zone is Broader
Analyses show that ADA's recovery potential is higher compared to Solana due to its larger value loss against Bitcoin (BTC). Currently trading at around 600 Satoshi, Cardano could rise to 1,300 Satoshi with a 117% increase based on past performance. However, there is also downside risk, and there is a possibility of ADA dropping to 400 Satoshi.
Solana is currently trading at around 14,500 Satoshi. A rise to 20,000 Satoshi means a 38% increase, while a drop to 10,000 Satoshi could mean a 31% loss. Therefore, Solana's short-term upside margin against BTC is more limited compared to Cardano.
What Do Experts Say? Will ADA or SOL Stand Out?
Popular analyst Alex Becker suggests that Cardano could outperform Solana in the current cycle. According to Becker, ADA has a potential for a 5 to 8 times increase due to its lower market value and having experienced more loss against BTC.
In this context, the chances of ETF approval also vary for the two projects. While the chance of spot ETF approval for Solana is estimated at 91%, this rate is around 67% for Cardano. This is one of the important factors that will influence the direction of market interest.
2026 Price Expectations: Both Projects Have Growth Momentum
Cardano (ADA): With a current price of $0.6002, ADA is expected to reach the $1.20 to $2.00 range by 2026. In a strong bull market, ADA has the potential to test $2.50.
Solana (SOL): Currently trading at $145.43, SOL is expected to rise to the $150 to $179 range with a 12-15% increase within this week. Closing above $165 could push the price into the $179-183 resistance range. However, closing below $150 carries the risk of a pullback to $148. In the long term, especially due to growth in the DeFi and NFT sectors, CoinDCX analysts predict that SOL could reach $400-450 levels by 2026.
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