EddieJayonCrypto
24 Dec 23
Solana's price surged past $100 for the first time in 20 months, reaching nearly $103 and establishing a $44 billion market cap. In addition to substantial gains for other Solana-based tokens, the cryptocurrency's weekly transaction volume for decentralized exchanges (DEXs) surpassed that of rival E...
Solana's price surged past $100 for the first time in 20 months, reaching nearly $103 and establishing a $44 billion market cap. In addition to substantial gains for other Solana-based tokens, the cryptocurrency's weekly transaction volume for decentralized exchanges (DEXs) surpassed that of rival Ethereum. Solana is also the biggest gainer in the top 10 cryptocurrencies by market cap over the past 24 hours, outperforming Bitcoin and Ethereum.
Solana surged past $100 on Saturday afternoon for the first time in 20 months, since April 2022, continuing an upswing that has catapulted SOL to a 770% gain over this time last year. SOL is up 6% on the day, per data from CoinGecko, jumping to a current price of nearly $103 after hovering below the $100 mark the last couple days. The cryptocurrency flipped XRP on Wednesday to become the fifth-largest coin by market cap, and then flipped Binance Coin (BNB) late Thursday to land in the #4 slot. As of this writing, Solana has a $44 billion market cap. This past week, weekly transaction volume for decentralized exchanges (DEXs) on the Solana blockchain eclipsed that of exchanges on rival Ethereum for the first time, propelled in part by a rise in popular meme coins like BONK and Dogwifhat (WIF) on Solana.
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