SOL, the native cryptocurrency of Solana blockchain has surged to new all-time-high level that has seen it beat Dogecoin to become the seventh largest cryptocurrency by market capitalization.
Solana now leads other large-cap cryptocurrencies like DOT, BCH, LTC, DOGE, UNISWAP among others.
The crypto’s next target is to oust XRP and USDT which brings it to get into the top 5 cryptocurrencies. SOL over the past 30 days has experienced a sharp surge in value rising by close to 300 percent. It currently trades at $146.6
During that period, the Altcoin has been setting new all-time high prices and breaking them. Solana has gone from $35 per coin on August 1 to a new peak price above $136 set on Tuesday. Solana is now up 23% over the last 24 hours, continuing its propulsive rise.
Outside Solana, Dogecoin sees passive price surge
Currently, it is safe to say that Dogecoin is not experiencing its best moments. The performance of the memcoin in the current bullish crypto market is passive.
Data from CoinGecko reveals that Dogecoin has seen a 46 percent price surge in the past 30 days but only up about 7.5 percent over last week.
However, the memcoin has risen faster than some other altcoins after the crypto market started finding its feet again in July. Dogecoin according to history usually surge or decline harder than BTC or ETH in most cases.
Also, despite the poor price surge of Dogecoin and the drop it has suffered since the market crash, its price is still massively up compared to how it began the year. DOGE has surged from $0.0055 on January 1 to a current price above $0.29. That’s a 5,200% increase, although note that Dogecoin is still nearly 60% off its peak price of $0.73 set back in May.
Solana after ousting DOGE would be looking to break into the top five cryptocurrencies by market capitalization. To achieve that it has to surge above XRP and USDT to become number five.
Solana’s market cap has risen to $41 billion with Dogecoin’s market cap at $39 billion.