Solana has been making waves in the cryptocurrency market, with its price surging and potentially surpassing Tether’s USDT market cap at $270. This surge in Solana’s price has caught the attention of many investors and analysts, signaling a potential third-place ranking in the crypto market.
According to data from CryptoSlate, Solana’s price has increased by 12% in the past week, reaching a three-year peak of over $245. This surge has boosted its market capitalization to $116.7 billion, solidifying its position ahead of Binance-backed BNB, which it surpassed earlier this month. BNB currently holds a market cap of $87.8 billion.
If Solana continues to maintain this upward momentum, it could soon hit a new all-time high. With a repeat of its recent weekly growth, its price could reach around $270, surpassing its current all-time high of $259. This potential increase would push Solana’s market cap beyond Tether’s $127 billion, making it the third-largest cryptocurrency by market value.
This achievement would be a significant milestone for Solana, showcasing its competitive edge in the ever-evolving crypto landscape. Investors and traders are keeping a close eye on Solana’s performance, as it continues to demonstrate its potential for growth and success in the market.
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