Solana Surges to ATH, Passing $50B Market Cap and Flipping Dogecoin

Solana Surges to ATH, Passing $50B Market Cap and Flipping Dogecoin
фото показано с : beincrypto.com

2021-9-7 09:30

One of the best performing crypto assets over the past day by a clear margin is Solana’s SOL token as it powers up the market capitalization charts.

Solana’s native token SOL is one of the top gaining cryptocurrencies in the top one hundred today, second only to its ‘cousin,’ FTX Token (FTT).

With a 22.7% gain on the day at the time of writing, the SOL market cap has just topped $50 billion as it flips Dogecoin for the seventh spot in the charts according to CoinGecko.

SOL is currently trading at an all-time high of $174 after gaining an impressive 58% since the same time last week. The next target for SOL is XRP which currently has a market cap of $63 billion after gaining 4% on the day.

Solana has now surpassed Polkadot, Chainlink, and Uniswap in terms of market capitalization.

Market cap top ten – Coingecko.com Massive momentum for high-speed blockchains

Solana is a high-throughput, enterprise-grade blockchain that has been growing in adoption along with Ethereum Layer 2 platforms in recent months. It is backed by Alameda Research and the FTX Exchange, all under the umbrella of crypto billionaire Sam Bankman-Fried (SBF).

The current momentum is being driven by Bankman-Fried’s recent announcement that FTX would be launching an NFT platform for U.S. clients. NFTs will be minted and traded on Ethereum and Solana with deposits and withdrawals opening up in the next couple of weeks, he added.

SBF’s Alameda also invested in the Ethereum scaling solutions provider Arbitrum which launched to mainnet earlier this month following a $120 million funding round.

In a note to clients on Monday, JPMorgan Managing Director Nikolaos Panigirtzoglou observed:

“The August rally in non-fungible tokens and the pickup in decentralized finance activity have helped not only ethereum but also alternative cryptocurrencies that facilitate or plan to facilitate smart contracts, such as Solana, Binance Coin and Cardano,”

FTT surges 25%

The only other crypto asset outperforming SOL at the moment is the native token of Bankman-Fried’s derivatives exchange, FTX.

The FTT token has also hit an all-time high during the Tuesday morning Asian trading session when it tapped $82. Over the past week, FTT has made a whopping 73%, outpacing even SOL’s mighty performance.

DeFi and Layer 2 based tokens are performing well at the moment, outstripping gains made by bitcoin.

The post Solana Surges to ATH, Passing $50B Market Cap and Flipping Dogecoin appeared first on BeInCrypto.

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Solana (SOL) на Currencies.ru

$ 126.2 (-0.14%)
Объем 24H $2.455b
Изменеия 24h: -0.29 %, 7d: -11.94 %
Cегодня L: $121.27 - H: $126.38
Капитализация $64.308b Rank 6
Цена в час новости $ 185.48 (-31.96%)

solana market cap dogecoin flipping surges 50b

Источник: beincrypto.com

solana market → Результатов: 88


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The recent surge of a so-called “Solana Killer” has raised concerns about the stability of Solana’s $300 price target. With innovative features and rapidly growing adoption, this emerging blockchain competitor could challenge Solana’s market share, appealing to users and developers alike.

2024-11-4 21:00


Top Crypto Performers Q2 2024: Insights on BlockDAG’s Phenomenal Growth, Solana’s Market Recovery, & Toncoin’s Rally

With Toncoin (TON) hitting previously unheard-of prices and Solana (SOL) exhibiting signs of revival, the cryptocurrency market is undergoing extraordinary dynamics. Solana is experiencing a positive trend driven by bullish market patterns, while Toncoin is leveraging strategic alliances to climb higher.

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Solana Price Could Reach $1,000, Analyst Explains Why

Crypto analyst Jacob Canfield has laid out a comprehensive analysis, suggesting Solana (SOL) could be on the brink of an unprecedented market surge. “In my opinion, I think that Solana is going to continue to be one of the biggest movers during this current bull market cycle,” Canfield states, proposing that Solana could potentially escalate its market dominance to the 12-15% range.

2023-11-10 11:05


Apricot Finance: A collateralized Loan Platform on Solana

Apricot, one of the newest players in the DeFi space, promises to truly redefine the collateralized lending industry with an extremely promising product. Albeit being an over-collateralized lending protocol, Apricot also acts in the best interest of borrowers, as it has set one of the lowest collateralization requirements in the market, and limits liquidation penalties.

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