Solana Overtakes Dogecoin to Become the 7th Most Valuable Coin

Data retrieved from Binance has shown that Solana has ousted Dogecoin to become the 7th most valuable cryptocurrency in the world.
In the last 30 days, the cryptocurrency has gained more than 300%, reaching an all-time high of $144
In comparison, Dogecoin has only gained 46% in the past month as the meme coin trades at $0.29, less than 50% of its all-time high of $0.73

SOL, the cryptocurrency of the Solana blockchain has become the 7th ranked crypto in the world based on market value.

The crypto asset displaced meme coin Doge to achieve this having added 300% to its value in the past month.

On Friday morning, SOL reached a new all-time high of $144, having only recently crossed the $100 psychological barrier.

The smart contract platform termed a competitor to the world’s second-largest cryptocurrency Ethereum now has a market value of $41.9 billion.

Dogecoin on the other hand has experienced a mixed week but overall it has gained 46% in the past 30 days.

The meme cryptocurrency remains 60% of its all-time high of $0.73 in May with a market cap of $39 billion.

Compared to Dogecoin which was created as a meme coin, Solana’s smart contract platform serves as a backbone for decentralised apps and NFTs.

Meanwhile, the entire crypto market cap is currently at $2.2 trillion as Bitcoin trades above the $50,000 mark.

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