It’s safe to state that SOL has been one of the top performers over the past week with consecutive new records. This latest record, which was just hours ago, helped SOL surpass Dogecoin in terms market capitalization.

  • Solana’s network is one of the fastest growing blockchain platforms and has been home to many of today’s most popular protocols, such as NFT and DeFi.
  • The explosion of both industries has impacted the use cases of the underlying blockchain, and, somewhat expectedly, its native cryptocurrency has gone through the roof.
  • Back on July 20th, SOL’s price had dipped to around $20. While most of the market has charted 50% to 100% gains since those lows, SOL has continuously outperformed almost all of them.
  • It took just two weeks for the cryptocurrency to double its value relative to the dollar. But it kept growing. This resulted in breaking above $100 for the first time in late August.
  • While this was a whopping 400% increase in six weeks, SOL didn’t stop there. In the past 24 hours came the latest record – this time at above $140.
  • It means that SOL is up by 600% since July 20th. Even more remarkable is the increase in tokens since the beginning of the year.
  • It entered 2021 at around $1.5 – meaning that it has exploded by more than 9,000% YTD.
  • Aside from breaking above $140 for the first time, the latest record brought another significant milestone. SOL became the seventh-largest cryptocurrency by market cap (over $40 billion). It also surpassed Dogecoin, a popular meme token.
SOLUSD. Source: TradingView
SOLUSD. Source: TradingView
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