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SOL Up 8% and Solana Overtakes XRP As the 5th Crypto by Market Capitalization

SOL Up 8% and Solana Overtakes XRP As the 5th Crypto by Market Capitalization

Solana (SOL) has reached a significant milestone in its meteoric rise in the cryptoasset market by briefly surpassing XRP in market capitalization, with its value rising above $34 billion.

This achievement marks a pivotal point for Solana, a smart contract blockchain platform whose native token, SOL, has shown exceptional performance in recent months.

Solana (SOL) has experienced an impressive rise in value, reaching $80.35, according to official information from CoinMarketCap.

In the last day, it has shown an increase of 8.01%, while its performance in the last week and the last month has been even more notable, with increases of 18.59% and 36.78%, respectively.

These data reflect a sustained and significant growth of SOL, consolidating its position as one of the most prominent cryptocurrencies in the current market.

Since its lows in December 2022, Solana has seen a staggering 700% surge

This growth has allowed SOL to recover previous losses suffered during the widespread collapse of the cryptocurrency market, when it reached values ​​below $10 due to the fall of the FTX exchange house.

Solana’s recent advance towards $79 has fueled euphoria among investors, with many analysts predicting it could reach $100 in the coming weeks.

Several cryptocurrency experts support the continuation of this bullish trend for Solana.

SOL Overtakes XRP Again and Aims to Close to Ethereum in Cryptocurrency Rankings

They point to a “bullish consolidation” that further supports SOL’s upside potential in the near future.

One of these analysts, known as The Crypto Dog, has expressed his conviction in the continued growth of Solana, stating that “there is no doubt that this is going to go up.”

With its steady rise and expert backing, SOL is positioning itself as a cryptocurrency to watch in the digital financial landscape, attracting the attention of investors and analysts alike.

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