Solana

Memecoin

Bonk

<p>Solana (SOL) emerges as a major phenomenon in the crypto universe. It surpasses XRP and climbs to the 5th place globally. With a market capitalization of $34.4 billion, SOL defies all expectations, suggesting a climb towards $100 in a bustling crypto market.</p>
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     <p lang="en" dir="ltr">Solana's market cap flipped XRP to become the fourth largest crypto. <a href="https://twitter.com/noshitcoins?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@noshitcoins</a> explores what's behind the recent rally and analyzes if $100 is within reach for SOL.<br><br>(Via <a href="https://twitter.com/CointelegraphMT?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@CointelegraphMT</a>) <a href="https://t.co/iVnZeDmf3U" rel="noopener noreferrer nofollow">https://t.co/iVnZeDmf3U</a></p>— Cointelegraph (@Cointelegraph) <a href="https://twitter.com/Cointelegraph/status/1737635554236174799?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 21, 2023</a>
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  Crypto SOL outperforms XRP with explosive growth
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<h2 id="h-crypto-sol-the-race-to-the-top">Crypto SOL: The Race to the Top</h2>
<p>Solana (SOL) triumphantly emerges, outclassing XRP. It rises to the 5th rank of global cryptocurrencies with a market capitalization of $34.4 billion. This spectacular ascent, marked by <strong>an 8% increase in a single day</strong>, comes despite the selling pressures linked to the FTX bankruptcy.</p>
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<p>Currently, the crypto SOL is trading above $80. It’s logging impressive growth:</p>
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 <li>of 18.18% over the week;</li>
 <li>of 34.16% on a weekly basis.</li>
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:SOLUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:SOLUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script>
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<h2 id="h-exponential-growth-of-crypto-sol-the-memecoin-craze-plays-a-part">Exponential Growth of Crypto SOL: The Memecoin Craze Plays a Part</h2>
<p>The rise of Solana crypto is inseparable from <strong>the memecoin fever</strong> that swept the cryptocurrency market. The Bonk token, capitalized at over $1.2 billion, particularly caught the attention of crypto traders. They bought SOL as an underlying asset. Each exchange of memecoin against SOL created a significant buying pressure on the crypto, further fueling its growth.</p>
<p>The <a href="https://cointelegraph.com/news/solana-sol-market-cap-flips-xrp-what-is-behind-the-price-surge" target="_blank" rel="noopener noreferrer nofollow">success</a> of the Solana network in this memecoin craze is also reflected in <strong>the increased volume of transactions on decentralized exchanges</strong>. Speculation around the next profitable meme continues to drive activity, creating a positive cycle for SOL crypto.</p>
<h2 id="h-sol-growth-extends-to-dapps">SOL Growth Extends to DApps</h2>
<p>The <strong>total value locked (TVL) in Solana</strong> has increased by 96% in just three weeks, reaching $1.28 billion. This figure now surpasses 1.4% of the market share, testifying to the growing robustness of the Solana crypto ecosystem.</p>
<p>The stability of the Solana network has been crucial to this expansion, even outperforming its competitors in terms of volume gains. Solana’s DApps have attracted <strong>875,250 unique active addresses</strong> during the week, an impressive performance compared to the declines observed on other blockchains.</p>
<p>Only 13 months ago, the idea of a <a href="https://www.cointribune.com/en/solana-excels-and-outperforms-ethereum/" target="_blank" rel="noopener noreferrer nofollow">recovery</a> for crypto Solana (SOL) seemed improbable. But the token has not only recovered, but has also surpassed all expectations. Case to follow…</p>

Crypto: SOL Surpasses XRP and Targets $100

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