It’s protected to say that SOL has been among the many finest performers previously few weeks with consecutive new information. The newest one, which got here only a few hours in the past, has helped the asset to surpass Dogecoin when it comes to market capitalization.

  • Described as one of many quickest and quickly rising blockchain platforms, Solana’s community has turn out to be a house for lots of the hottest protocols as we speak, together with such from DeFi and NFT.
  • The explosion of each industries has impacted the use instances of the underlying blockchain, and, considerably expectedly, its native cryptocurrency has gone via the roof.
  • Again on July twentieth, SOL’s value had dipped to round $20. Whereas a lot of the market has charted 50% to 100% features since these lows, SOL has repeatedly outperformed nearly all of them.
  • It took the cryptocurrency simply two weeks to double its worth towards the greenback, nevertheless it solely stored climbing after that. This resulted in breaking above $100 for the primary time in late August.
  • Whereas this was a whopping 400% improve in six weeks, SOL didn’t cease there. Previously 24 hours got here the most recent file – this time at above $140.
  • It signifies that SOL is up by 600% since July twentieth. What’s much more spectacular is the token’s surge for the reason that begin of the yr.
  • It entered 2021 at round $1.5 – that means that it has exploded by greater than 9,000% YTD.
  • Apart from breaking above $140 for the primary time, the most recent file introduced one other important milestone. SOL grew to become the seventh-largest cryptocurrency by market cap (over $40 billion). Thus, it surpassed the favored meme token – Dogecoin.
dogecoin  latest dogecoin news SOLUSD. Source: TradingView
SOLUSD. Supply: TradingView
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