- Solana currently has a market cap of over $12 billion.
- Cardano and Dogecoin have around $9 and $8 billion, respectively.
The market cap is an important market metric as it shows the total value of a cryptocurrency in the market. So, Solana is currently having a wonderful run in the market. Apparently, this made it surpass its immediate counterparts, such as Dogecoin and Cardano.
Solana Market Cap Increases to New Levels
- Solana’s market cap is moving to levels, which is making it hard for counterparts like Dogecoin and Cardano to catch up. So, previously, we provided coverage on how Dogecoin and sometimes Cardano were above Solana in the market rankings. However, this is a thing of the past, as Solana is Now above their counterparts. So, at press time, the market cap of Solana is now more than 12 billion USD.
- This is miles away from Dogecoin and Solana. The closest between these two to Solana is Cardano. However, Solana is still above Cardano by more than $3 billion. So, the market cap isn’t the only thing Solana is doing quite well in the market. The price of the token is increasing to new levels when surpassing the $31 price range. So, the price of Solana is currently experiencing more than a 3% increase in the past 24 hours. The past week is quite massive for those trading the SOL token, as there’s an increase of more than 30% in the past 24 hours. Nevertheless, what about the comparison between Dogecoin and Cardano with Solana?
The SOL Token and Cardano
- The Cardano token is the cryptocurrency directly close to Solana in the market cap rankings. So, Cardano (ADA) currently has a market cap of more than $9 billion. This is more than $3 billion less than the Solana token.
- Moving on to the price charts, the ADA token is up by more than 2% in the past 24 hours. Furthermore, traders are having a good time within the weekly charts with a price increase of more than 4%. However, the Cardano token hasn’t made any massive strides in the market, as the price is still within the $0.26 range.
Solana vs Dogecoin in the Market
- As said above, Solana is currently having an upper hand in the market. So, Dogecoin, on the other hand, isn’t even making any effort to take over from Solana. Since the hype around meme coins reduced a bit, Dogecoin hasn’t made any massive bullish rally. However, the price is slowly building up to $0.62.
- In the past 24 hours, the price is keeping up with small bullish rallies from time to time. So, the market cap of Dogecoin is a bit above $8 billion, which is $4 billion less than Solana.
- In conclusion, Solana is having a good time in the market, with the market cap increasing to new levels. So, Solana is currently up by over $12 billion market cap. On the other hand, Cardano and Dogecoin are a bit above $9 and $8 billion, respectively.
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The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.
