Solana Beats XRP Down a Notch, SOL Taps Another All-Time High, Surging More Than 400% in 30 Days – Market Updates Bitcoin News

Cryptocurrency Solana peaked at $213 on September 9th. another all-time high coin. The digital currency's market valuation has increased significantly, pushing Dogecoin from its position in the top ten last week. Today it managed to surpass solana's crypto market cap XRP ’s overall rating and ranked sixth in the top ten this week.

Solana's months-long tear continues

Solana has managed to continue its climb higher and higher as the vast majority of crypto economy coins have lost value. On Thursday, Solana (SOL) hit an all-time high (ATH) of $213 per unit and is just over 5.9% below that price at the time of writing.

The higher price has pushed up the crypto asset's total market cap and for the first time SOL has come knocking XRP a place in terms of the top ten crypto positions.

SOL also crushed DOGE last week and today solana's market cap is around $58.9 billion. Year-to-date, 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 the leash ( USDT ) with 21.5% of SOL swaps, Bitcoin ( BTC ) with 18.57% of SOL trades and BUSD with 14.73% of market pairs.

Tether increases Solana issuance, SOL investment from USD 1,000 becomes USD 138,000

Of the $2.22 trillion crypto economy, solana's market valuation accounts for 2.64% of the total. The ecosystem surrounding the Solana project has also grown significantly, as Coin98 Analytics reports Tether ( USDT ) has added many shackles to the Solana chain.

“In less than a week, Tether has doubled its token release on Solana from 390 million to 790 million,” said Coin98 Analytics’ tweeted.

Coin98 analysis Data also shows that a $1,000 investment in solana (SOL) a year ago would generate a whopping return of $138,400. 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 about Solana (SOL) hitting all-time highs this week? Let us know your thoughts on this topic in the comments below.

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