Solana Soars to #11: Surpasses Dogecoin in Market Cap Ranking
• Solana has been rallying in the past week, rising by almost 30%, and is trading around $26.3 today, up 12%.
• SOL is currently just behind Dogecoin in terms of market cap, as it stands at around $10 billion.
• Dogecoin’s gains of 10% this past week have not been able to keep up with Polygon or Solana’s returns.
Solana’s Rapid Rise
Solana (SOL) has seen a rapid increase during the last seven days, accumulating almost 30% profits in the period. At the time of writing, Solana is trading around $26.3, up 12% in the last 24 hours from its previous day value. The coin has enjoyed a sharp rise in recent days and shows strong momentum for further growth.
Dogecoin Vs Solana In Market Cap List
Solana’s great recent performance has meant that its standing in the wider cryptocurrency market has been improving and the coin is edging closer towards breaking into the top ten cryptocurrencies based on the market cap. The next in line that SOL will have to flip is Dogecoin (DOGE). Currently Dogecoin is sitting on ninth spot while SOL seems to have a market cap of almost $10 billion at present moment.
Dogecoin Gains Not Enough To Beat Polygon And Solana
Dogecoin hasn’t performed badly this past week, as it still managed profits of almost 10% which kept it ahead from slipping out from top ten list; however, its gains were still not enough to beat Polygon (MATIC) or Solana’s returns which were much higher than DOGE’s returns this past week.
Can SOL Flip DOGE?
While it remains unclear if Solana can flip Dogecoin soon or not but given that SOL has shown strong momentum and steady growth recently, there are high chances that it could overtake DOGE soon if this trend continues further.
Solana has had an impressive run over the past few weeks and if it continues to perform well then there’s potential for it to flip Dogecoin and join top ten list of coins based on their market capitalization soon!