{"id":11927,"date":"2021-09-09T17:54:09","date_gmt":"2021-09-09T17:54:09","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/solana-knocks-xrp-down-a-notch-sol-taps-another-all-time-high-rising-more-than-400-in-30-days\/"},"modified":"2021-09-09T17:54:09","modified_gmt":"2021-09-09T17:54:09","slug":"solana-knocks-xrp-down-a-notch-sol-taps-another-all-time-high-rising-more-than-400-in-30-days","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/solana-knocks-xrp-down-a-notch-sol-taps-another-all-time-high-rising-more-than-400-in-30-days\/","title":{"rendered":"Solana Knocks XRP Down a Notch, SOL Taps Another All-Time High Rising More Than 400% in 30 Days"},"content":{"rendered":"

The cryptocurrency solana reached another all-time high on September 9 at $213 per coin. The digital currency\u2019s market valuation has swelled significantly, pushing dogecoin from its position in the top ten last week. Today, solana\u2019s crypto market capitalization has managed to surpass XRP<\/a>\u2019s overall valuation, taking the sixth position in the top ten this week.<\/strong><\/p>\n

Solana\u2019s Month-Long Tear Continues<\/h2>\n

Solana has managed to continue its ascent higher and higher as a great majority of the crypto economy coins have faltered in value. On Thursday, solana (SOL) reached an all-time high (ATH) at $213 per unit, and it\u2019s a touch over 5.9% lower than that price point at the time of writing.<\/p>\n<\/p>\n

The higher price has ballooned the crypto asset\u2019s overall market capitalization and for the first time, SOL knocked XRP<\/a> down a spot in terms of the top ten crypto positions.<\/p>\n<\/p>\n

SOL also knocked DOGE down last week and today, solana\u2019s market cap is hovering around $58.9 billion. Year-to-date, SOL has gained a massive 8,009% and a whopping 417% during the last 30 days. Today, SOL has $14.5 billion in global trade volume and the U.S. dollar is SOL\u2019s top pair capturing 26.32% of all trades. This is followed by tether (USDT<\/a>) with 21.5% of SOL swaps, bitcoin (BTC<\/a>) with 18.57% of SOL trades, and BUSD with 14.73% of the market\u2019s pairs.<\/p>\n

<\/p>\n

Tether Increases Solana Issuance, $1K SOL Investment Turns Into $138K<\/h2>\n

Out of the $2.22 trillion crypto-economy, solana\u2019s market valuation represents 2.64% of the entirety. The ecosystem surrounding the Solana project has seen a lot of growth as well, as Coin98 Analytics reports tether (USDT<\/a>) has added a lot of tethers to the Solana chain.<\/p>\n<\/p>\n

\u201cIn less than a week, Tether has doubled its token release on Solana, from 390M to 790M,\u201d Coin98 Analytics\u2019 tweeted<\/a>.<\/p>\n<\/p>\n

Coin98 Analytics data<\/a> also shows that a $1,000 investment into solana (SOL) a year ago would produce a whopping $138,400 return. Solana has a great number of projects that are tethered to the network like Solfarm, Moonlana, Soluble, Solyar, Hedgehog, Luna Network, Solape, Sol Star, Hydraswap, Spiderswap, Popsicle, Traderdome, Cropperfinance, Kermit Finance, Lumos, Dexlab, Saber, and more.<\/p>\n

What do you think about solana (SOL) capturing all-time highs this week? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nMarket Updates, coin market cap, Coin98 Analytics, cryptos, Doge, SOL, SOL ATH, SOL price, Solana, Solana Apps, Solana ATH, Tether, Trades, trading, Trading Pairs, USDT, volume, XRP<\/p>\n","protected":false},"excerpt":{"rendered":"

The cryptocurrency solana reached another all-time high on September 9 at $213 per coin. The digital currency\u2019s market valuation has swelled significantly, pushing dogecoin from its position in the top ten last week. Today, solana\u2019s crypto market capitalization has managed to surpass XRP\u2019s overall valuation, taking the sixth position in the top ten this week.…<\/p>\n","protected":false},"author":0,"featured_media":11928,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-11927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11927"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=11927"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11927\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/11928"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=11927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=11927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=11927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}