Why Solana, Cardano, and Polkadot All Had a Miserable Week
Three of the top-10 cryptocurrencies in the world, Solana (CRYPTO: SOL), Cardano (CRYPTO: ADA), and Polkadot (CRYPTO: DOT), all saw significant selling this week. The tokens sunk 22.3%, 21.3%, and 24.4%, respectively, over the past seven days, as of 12:45 p.m. ET.
The entire crypto market was under pressure this week, seeing marked declines following a weekend rout that most major cryptocurrencies were unable to recover from. For these specific tokens, there were also individual concerns investors appear to have priced in this week.
Solana's declines appear to be related to relatively slow blockchain production over the past week. For a blockchain network that is reportedly one of the fastest, Solana's network speed dropped to approximately 500 transactions per second (tps).
Source Fool.com
