Crypto assets have seen significant gains over the last month and one such digital currency, solana ( SOL) has propelled itself into the top ten rankings and recently flipped the crypto asset dogecoin’s market cap position. As of Friday, solana currently holds the seventh-largest market valuation out of all the coins in existence with a market cap of around $41 billion.
Solana Taps Another All-Time High Eclipsing Dogecoin's Market Cap, SOL Jumped Over 300% Last Month
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Solana Skyrockets More Than 300% in 30 Days
In mid-August, Bitcoin.com News reported on solana (SOL) capturing fresh all-time highs and since then the crypto asset has gained a lot more value. At that time, solana had just made it into the top ten crypto market capitalizations and today it has risen to the seventh-largest crypto market worldwide. Our report noted that SOL was trading for $74 per unit and today SOL is swapping for $141 per coin, up 90.54% since the market report published on August 17.
SOL has gathered double-digit gains in 24 hours, jumping over 20%. In the last week SOL has gained a whopping 85.3%. Two-week stats show SOL jumped 93.1% and during the last month, solana has gained a massive 310.8%. Year-to-date, solana has risen 3,277.6% and is one of 2021’s top-performing crypto assets. Tether ( USDT) is solana’s largest trading pair as SOL/ USDT swaps represent 54% of all SOL trades today.
The SOL/ USDT pairing is followed by USD (14.87%), BTC (12.80%), BUSD (7.91%), TRY (2.95%), and ETH (2.76%) as far as the top SOL pairs are concerned. Out of the $2.3 trillion in value, solana’s market cap represents 1.73% of the entire crypto-economy, in terms of dominance. Solana pushed dogecoin (DOGE) out of the seventh-largest position on Thursday and the market valuation continues to grow.
With a $41 billion market cap, solana still has a ways to go to eclipse XRP’s $59 billion valuation. The crypto asset SOL tapped an all-time high today, on September 3, 2021, reaching $145.22 per coin. There’s $7.7 billion in global trade volume paired with solana (SOL) on Friday.
What do you think about solana’s ( SOL) massive gains and the coin moving up the top ten crypto cap ladder? Let us know what you think about this subject in the comments section below.
