Huge spike sees Solana overtake Dogecoin

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Solana has set a new record after rising 20% ​​in value in the past 24 hours to overtake Dogecoin as the world’s seventh most valuable cryptocurrency.

At the time of writing (7am UK) SOL – which was worth $ 1.84 at the start of the year – is at $ 137.33 and a massive 69% increase in one week. Its market capitalization has exceeded $ 40 billion.

The open source project is designed to facilitate the creation of decentralized applications. Also capable of executing smart contracts using proof of history technology, it can process 50,000 transactions per second.

Meme Dogecoin coin (DOGE) fell back below 30c after falling 2% but is up 8% over seven days.

Ripples XRP coin rose 2% to $ 1.27 and is now closing at the $ 1.30 level it hit a few weeks ago. It is up 17% over seven days.

Cardano (ADA) was down 4% to $ 2.96 after breaking above $ 3 yesterday. The proof-of-stake blockchain platform that has reached third in the ratings ranking in recent weeks is up 16% in one week.

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The Ethereum smart contract blockchain platform, whose ETH token is the world’s second most valuable crypto, climbed 1% to $ 3,800. It is up 22% from its price last Thursday.

The market leader Bitcoin (BTC) fell back to $ 49,500 with a minor loss in value but remains up 5% over seven days.

Binance Coin (BNB) fell 1% to $ 486 but is up 2% in one week.

Polkadot (DOT) is the other unstable coin in the top 10. After rising 3%, the token – a proof-of-stake cryptocurrency that aims to securely connect blockchains as a kind of decentralized internet – is at $ 33.02 and 23% in one week.

With a market cap of nearly $ 33 billion, DOGE is $ 6 billion missing.

The only coin to have climbed more than Solana was IOTA (MIOTA), which rose 31% to $ 1.61 and 67% in one week.

The cryptocurrency market has climbed 0.8% in the past 24 hours, with the 11,600 coins collectively valued at $ 2.24 trillion.

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To see how the ratings of the largest motors and shakers – and major parts – have changed over the past few days, click here.

For valuations of the top 250 coins by market cap (updated every 15 minutes), their market cap plus 24-hour price change and volume traded, see below.

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