Latest crypto news not to miss on Solana and Cardano

Today, we will analyze Solana and Cardano, which are experiencing a trend that is partly similar, but partly slightly different. 

To be honest, however, it is not so much the news regarding the two crypto projects and the two cryptocurrencies that influence their market performance, but the general news. 

Positive news for Solana and Cardano, but prices continue to fall

At this moment the price of SOL is down 15% compared to seven days ago, and 21% compared to thirty days ago. 

These are not particularly significant losses, but they are still meaningful percentages. 

The main problem comes from outside, namely from the general trend of the crypto market, so much so that specifically on Solana at this moment there doesn’t seem to be any bad news circulating, except those related to prices.

In fact, to be honest, there are also several news items that, if not exactly good, are at least positive, due to an ever-increasing adoption, especially in the global financial markets. 

Therefore, on one hand, there is a substantial absence of negative news about Solana, but on the other hand, there is an ongoing persistent price decline, which has been lasting for days. 

The current level, however, still hovers around $200, which is practically the average level for 2025 after the boom due to the Trump-trade at the end of 2024. 

It should be noted, however, that a rebound began in May, surpassing $150, which lasted until almost $250 in September, while subsequently the rise halted. Currently, it is effectively within a sideways phase with sustained volatility centered around $200.

The Trend of Cardano

A somewhat similar discussion can be made for ADA, although with different proportions. 

The price of Cardano in the crypto markets has dropped by 21% in the last seven days, and by 26% in the last thirty. 

Regarding the news, the situation of Cardano is very similar to that of Solana, with an almost complete absence of significant negative news, and instead the presence of several news items that, if not exactly good, are at least positive, always related to greater adoption. 

In the case of Cardano, the current price level, below $0.70, is only slightly above the 2025 bottom, reached in June at $0.54. 

The problem is that in recent days it has recorded a significant drop, given that last week it was above $0.80. This is indeed the figure around which it had effectively moved sideways starting from the second half of July. 

It should be noted that Cardano tends to move sideways more than other cryptos, although during altseason it often experiences rapid and significant awakenings with high volatility.

The crypto markets

The problem is that it is the crypto markets as a whole that have not been performing well in recent days.

The overall market capitalization, which also includes Bitcoin, had reached its all-time high on Monday, October 6, coinciding with Bitcoin’s all-time high price.

However, since then it has corrected, dropping by 12% in just over a week. 

The Total3 also did something similar, dropping by 14%. The Total3 is the overall market capitalization of altcoins, but without Ethereum and stablecoins, as well as without Bitcoin. 

This correction, perfectly normal given that it occurred after new all-time highs, seems to have been triggered by the burst of a mini-mini-bubble that inflated on Bitcoin starting from the first of October, and culminated in the record on the 6th. 

The News

This explosion occurred particularly on Friday the 10th, with the new escalation of the trade war between the USA and China. 

To be honest, the negative news that came from Beijing and Washington should not have been the cause of the mini-mini-bubble burst, but merely the trigger. Most likely, the bubble was already ready to burst on its own. 

However, this contrasts with the substantially positive news circulating in the crypto markets, suggesting that the decline in recent days has been caused precisely by macro news, which affects all financial markets to some extent.

Moreover, there seems to be a mini-bubble in the price of gold, which could continue to drain capital from the crypto markets. 

The prevailing hypothesis, however, is that the gold rally might be close to reaching a local top, and that as early as tomorrow the short-term trend of the crypto markets could change. 

On the other hand, if for example the dollar were to weaken again, after more than a week of appreciation, it could trigger a recovery both in Bitcoin and in the crypto markets.