COIN - Better Buy: Solana or Cardano?
2023-06-30 06:59:00 ET
When the Securities and Exchange Commission filed its lawsuits against cryptocurrency exchanges Binance (CRYPTO: BNB) and Coinbase Global (NASDAQ: COIN) in early June, it also named Cardano (CRYPTO: ADA) and Solana (CRYPTO: SOL) as unregistered securities. The news was understandably shocking for many investors, and both cryptos have tumbled during the past 30 days.
On June 27, Robinhood Markets officially delisted both Cardano and Solana, meaning Robinhood customers won't be able to buy or sell them anymore on the platform. But that doesn't mean these two cryptos, both of which still rank among the top 10 cryptos in terms of market cap, are going away. In fact, this could be a "buy the dip" situation for both. Let's take a closer look to see which is the better buy right now.
Of the two, Cardano is easily the safer bet, all other things being equal. That's because Cardano has taken a number of steps to shield itself from regulatory risk.
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Better Buy: Solana or Cardano?