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Solana Surpasses XRP Amid Unstoppable Rally

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Wed, 09/08/2021 - 19:33
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Alex Dovbnya
XRP has ceded ground to red-hot Solana
Solana Surpasses XRP Amid Unstoppable Rally
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Solana (SOL), the native cryptocurrency of the Solana blockchain, has surpassed Ripple-affiliated XRP by market capitalization, according to data provided by coin ranking site CoinMarketCap.

The high-flying coin is currently valued at $53 billion after a stunning rally, climbing to sixth place.   

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Image by coinmarketcap.com

SOL is now up an astonishing 8,429% year-to-date. Despite the recent market sell-off, the cryptocurrency is up another 6% today.

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Image by tradingview.com

XRP, on the other hand, is one of the very few major cryptocurrencies that failed to log a new all-time high during this bull run.

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With a sword of Damocles hanging over it, XRP is still down 67% from its January peak of $3.40.

As reported by U.Today, XRP left CoinMarketCap's top five for the first time since 2014 this February.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.