Solana Beats XRP One Notch, SOL Taps Another All Time High Up More Than 400% In 30 Days – Market Updates Bitcoin News
The cryptocurrency Solana hit another all-time high on September 9, at $ 213 per coin. The market valuation of the digital currency has risen significantly and ousted Dogecoin from its position in the top ten last week. Today solana crypto market cap managed to beat the overall rating of XRP, taking sixth place in the top ten this week.
Solana’s month-long tear continues
Solana has managed to continue its climb higher and higher as the vast majority of crypto economy coins have depreciated. Solana (SOL) hit an all-time high (ATH) at $ 213 per unit on Thursday, and is just over 5.9% below that price at the time of writing.
The higher price has pushed the total market capitalization of the crypto asset up, and for the first time, SOL has tossed XRP down in terms of the top ten crypto positions.
SOL also knocked down DOGE last week and today solana’s market capitalization is around $ 58.9 billion. Since the beginning of the year, SOL has gained a massive 8.009% and a whopping 417% in the last 30 days. Today, SOL has a global trading volume of $ 14.5 billion and the US dollar is SOL’s top pair, capturing 26.32% of all trades. This is followed by Tether (USDT) with 21.5% of the SOL swaps, Bitcoin (BTC) with 18.57% of the SOL trades and BUSD with 14.73% of the market pairs.
Tether increases Solana emission, $ 1,000 SOL investment becomes $ 138,000
Out of the $ 2.22 trillion crypto economy, solana’s market valuation makes up 2.64% of the total. The ecosystem surrounding the Solana project has also grown significantly, as Coin98 Analytics reports that Tether (USDT) added many tethers to the Solana chain.
“In less than a week, Tether doubled its token publication on Solana from 390 million to 790 million,” tweeted Coin98 Analytics.
Coin98 Analytics data also shows that a $ 1,000 investment in Solana (SOL) a year ago would generate a whopping $ 138,400 in return. Solana has a large number of projects connected to the network such as Solfarm, Moonlana, Soluble, Solyar, Hedgehog, Luna Network, Solape, Sol Star, Hydraswap, Spiderswap, Popsicle, Traderdome, Cropperfinance, Kermit Finance, Lumos, Dexlab , Saber, and more.
What do you think of Solana (SOL) hitting all-time highs this week? Let us know what you think on this matter in the comments below.
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Coin Market Cap, Coin98 Analytics, Cryptos, Doge, SOL, SOL ATH, SOL Price, Solana, Solana Apps, Solana ATH, Tether, Trades, Trading, Trading Pairs, USDT, Volume, XRP
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