Cryptocurrency

Solana

Bitcoin

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Solana (SOL) has managed to&nbsp;<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">climb</a> to fourth spot on CoinMarketCap after surpassing BNB. The two major cryptocurrencies are both currently valued at $84.8 billion, with SOL having a slight edge.&nbsp;
The price of SOL soared by 8% over the past 24 hours, significantly outperforming the broader market.&nbsp;
According to cryptocurrency analytics platform Santiment, the two aforementioned assets are now expected to be in "close proximity" to each other.&nbsp;&nbsp;
That said, Solana, which is considered to be the leading "Ethereum killer," is currently enjoying bullish momentum following its 35% price jump that occurred over the past two weeks.&nbsp;
Solana found itself at the center of the recent meme coin bonanza. Pump.fun, a meme coin generator powered by the popular proof-of-stake blockchain, has already helped to launch over a million tokens.&nbsp;
The fourth-largest cryptocurrency might also start seeing growing institutional adoption. As&nbsp;<a href="https://u.today/breaking-solana-etf-proposal-filed-by-vaneck" rel="noopener noreferrer nofollow">reported by U.Today</a>, investment firm VanEck recently filed to launch a spot Solana-based ETF. 21Shares went on to join the fray with a similar proposal. However, these products are highly unlikely to see the SEC's green light this year.&nbsp;
<h2 id="a-broader-market-rally">A broader market rally&nbsp;</h2>
In the meantime, Bitcoin has surpassed the $68,000 level, with its market cap swelling to nearly $1.35 trillion.
Other major cryptocurrencies are also in the greed. Dogecoin, the leading meme coin, recorded a double-digit price jump.&nbsp;

Solana (SOL) Flips BNB, Becoming 4th Biggest Cryptocurrency

Зміст

U_Today

Інші статті, опубліковані 26 лип. 2024 р.

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