• Solana reaches another all-time high, surpassing Dogecoin’s market cap; SOL increased by more than 300 percent last month

  • Over the last month, crypto assets have seen significant gains, and one such digital currency, solana (SOL), has climbed into the top ten rankings and recently flipped the market cap position of the crypto asset dogecoin. With a market cap of around $41 billion as of Friday, solana has the seventh-largest market valuation of all the coins in existence.

    In just 30 days, the price of Solana has increased by more than 300 percent.

    We reported in mid-August that solana (SOL) had reached new all-time highs, and the crypto asset has gained significantly since then. Solana had just entered the top ten crypto market capitalizations at the time, and it has since risen to the seventh-largest crypto market in the world. SOL was trading for $74 per unit at the time of our report, and it is now trading for $141 per coin, a 90.54 percent increase since the market report on August 17.

    SOL has gained double digits in the last 24 hours, jumping more than 20%. SOL has increased by 85.3 percent in the last week. SOL has increased by 93.1 percent in the last two weeks, and has increased by 310.8 percent in the last month. Solana is one of the top-performing crypto assets in 2021, with a year-to-date gain of 3,277.6%. Tether (USDT) is Solana’s most popular trading pair, accounting for 54 percent of all SOL trades today.

    In terms of the top SOL pairs, the SOL/USDT pairing is followed by USD (14.87 percent ), BTC (12.80 percent ), BUSD (7.91 percent ), TRY (2.95 percent ), and ETH (2.76 percent ). In terms of dominance, Solana’s market cap represents 1.73 percent of the entire crypto-$2.3 economy’s trillion in value. On Thursday, Solana pushed Dogecoin (DOGE) out of seventh place, and the market valuation continues to rise.

    Solana has a long way to go to surpass XRP’s $59 billion market cap, with a $41 billion market cap. SOL, a cryptocurrency, reached an all-time high of $145.22 per coin today, September 3, 2021. On Friday, the global trade volume for solana (SOL) was $7.7 billion.

    What's your reaction?