- Solana climbs to the seventh spot in the crypto market, surpassing ADA and DOGE.
- Its market valuation exceeds $10 billion, outperforming its competitors.
- Solana rebounds to over $24 after facing FUD-related challenges in September.
The proof-of-stake (PoS) blockchain project Solana (SOL) appears to be waxing stronger despite the repeated rounds of FUDs and panic calls against it. According to data from market tracker CoinMarketCap, Solana has outranked its top contenders, Cardano (ADA) and Dogecoin (DOGE), to become the seventh biggest crypto by valuation.
Solana, Cardano, and Dogecoin ranking | CoinMarketCap
Notably, Solana’s seventh spot on the ranking implies a three-step movement upward from position ten, which it ranked precisely a month ago. At the time, SOL had a market of below $7.8 billion.
However, CoinMarketCap data suggests that Solana’s market valuation is now worth above $10 billion, leaving behind Cardano and Dogecoin as they both failed to get past their $8 billion cap position.
Furthermore, Solana’s seven-day cumulative performance is up significantly by nearly 13%.…
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