The altcoin Solana soars 24% in one day and ahead of the Dogecoin in capitalization – Market Research Telecast

The value of the cryptocurrency Solana in the first hours of this Friday exceeded 145 dollars, about 24% more compared to the previous day, as recorded in the records from the CoinGecko platform.

At the same time, the virtual currency registered in the last 24 hours a volume of trade close to 7,000 million dollars.

In addition, it achieved a market capitalization of more than $ 41.6 billion, surpassing Dogecoin in this parameter and ranking seventh among the tokens with the highest market valuation globally.

The price of the altcoin began to rise moderately and steadily at the end of this July before taking a jump in the second half of August, establishing several all-time highs since then. In this way, it registered an increase of approximately 300% within the last month.

Among members of the crypto community, Solana is frequently seen as a Ethereums growing rival, a leading asset in the field of smart contracts but whose network is often overloaded resulting in higher commissions for each transaction.

In this sense, Solana offers faster and cheaper buying and selling operations. The recent skyrocketing growth of this electronic currency could have been fueled by the rise in popularity of projects such as non-fungible tokens (NFT) and decentralized finance (DeFi).

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The altcoin Solana soars 24% in one day and ahead of the Dogecoin in capitalization - Market Research Telecast

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