bitcoin
Bitcoin (BTC) $ 67,429.07
ethereum
Ethereum (ETH) $ 3,492.81
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 595.07
xrp
XRP (XRP) $ 0.602051
cardano
Cardano (ADA) $ 0.435875
usd-coin
USDC (USDC) $ 1.00
matic-network
Polygon (MATIC) $ 0.539582
binance-usd
BUSD (BUSD) $ 0.994613
dogecoin
Dogecoin (DOGE) $ 0.137065
okb
OKB (OKB) $ 41.72
polkadot
Polkadot (DOT) $ 6.26
shiba-inu
Shiba Inu (SHIB) $ 0.000018
tron
TRON (TRX) $ 0.135287
uniswap
Uniswap (UNI) $ 7.96
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 67,486.08
dai
Dai (DAI) $ 0.999241
litecoin
Litecoin (LTC) $ 74.00
staked-ether
Lido Staked Ether (STETH) $ 3,490.83
solana
Solana (SOL) $ 178.81
avalanche-2
Avalanche (AVAX) $ 32.13
chainlink
Chainlink (LINK) $ 14.32
cosmos
Cosmos Hub (ATOM) $ 6.38
the-open-network
Toncoin (TON) $ 7.06
ethereum-classic
Ethereum Classic (ETC) $ 23.53
leo-token
LEO Token (LEO) $ 5.74
filecoin
Filecoin (FIL) $ 4.65
bitcoin-cash
Bitcoin Cash (BCH) $ 388.50
monero
Monero (XMR) $ 165.00
bitcoin
Bitcoin (BTC) $ 67,429.07
ethereum
Ethereum (ETH) $ 3,492.81
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 595.07
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.602051
binance-usd
BUSD (BUSD) $ 0.994613
dogecoin
Dogecoin (DOGE) $ 0.137065
cardano
Cardano (ADA) $ 0.435875
solana
Solana (SOL) $ 178.81
matic-network
Polygon (MATIC) $ 0.539582
polkadot
Polkadot (DOT) $ 6.26
tron
TRON (TRX) $ 0.135287

Solana overtakes XRP to become fifth-largest digital asset

Must Read

Solana overtook XRP to turn out to be the fifth-largest cryptocurrency on the crypto market on Dec. 20, primarily based on present knowledge.

As of 11:30 p.m. UTC, Solana (SOL) reported a market cap of $34.8 billion. XRP, a coin related to Ripple, reported a market cap of $33.3 billion.

Solana’s excessive market standing seems to be resulting from its personal distinctive efficiency quite than XRP losses. XRP was up simply 1.67% over 24 hours, intently in keeping with market-wide common positive aspects of two.8%. SOL, in contrast, far outperformed the common by gaining 12.08% over 24 hours.

On the time of writing, SOL and XRP have been priced at $81.45 and $0.62, respectively. The distinction between every asset’s worth is the results of token denomination and, not like market cap, doesn’t replicate every asset’s relative standing.

24-hour efficiency for Solana (SOL)

SOL has regularly risen since October

The explanations for Solana’s newest worth positive aspects are unclear, although plainly this builds on long-standing development. The worth of SOL has been regularly rising since at the very least October, that means that notable occasions such because the launch of Solana’s GameShift suite, FTX property transfers involving the SOL token, and hype across the Solana-based BONK memecoin have all coincided with its latest development.

On-chain exercise quite than public occasions may additionally contribute to development. Latest studies point out, for instance, that Solana decentralized exchanges lately outperformed their Ethereum-based counterparts in buying and selling quantity.

In distinction to earlier damaging perceptions, Solana lately skilled a victory with its Saga telephone. Regardless of poor gross sales for many of 20203, it has since bought out within the U.S. after the explosion of the Solana-based BONK memecoin.

SOL additionally skilled sudden losses in November 2022 when FTX, with which it was intently related, collapsed. Although these occasions haven’t prevented SOL’s total development, they could have had some impact on worth regardless.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

Is web3’s innovative explosion constraining user adoption?

Disclosure: The views and opinions expressed right here belong solely to the creator and don't symbolize the views and...
- Advertisement -

More Articles Like This