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Solana Hits Yet Another All-Time High as Rally Accelerates

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Mon, 6/09/2021 - 18:14
Solana Hits Yet Another All-Time High as Rally Accelerates
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Solana’s unrelenting rally shows no signs of slowing down, with the red-hot cryptocurrency surging by yet another 16% over the past 24 hours.

What is more, the cryptocurrency just hit a new all-time high of $158.19, according to data provided by CoinGecko

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It has managed to greatly outperform XRP, the second-biggest gainer within the top 10. 

The other top altcoins are displaying a rather anemic price action. Polkadot managed to gain about 3% while the rest of the blue-chips remain mostly flat.

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Image by coingecko.com

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After jumping into the top 10, Solana managed to surpass joke cryptocurrency Dogecoin, currently occupying seventh place. 

The cryptocurrency currently has a market value of almost $46 billion. 

Solana, which claims to be one of the fastest blockchains in the world, has benefited from the growing interest in non-fungible tokens. Its smart contract platform also makes it a major player in the DeFi space. 

Alongside Cardano and Polkadot, Solana positions itself as one of the main Ethereum rivals.

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