Solana (SOL) continues to soar in value—even while other major coins and tokens lie flat or dip slightly.
SOL is now up 12% in 24 hours and is trading above $89, according to CoinGecko. Yesterday, the asset flipped XRP to become the fifth biggest cryptocurrency by market cap. And in the past week, SOL has risen by almost 25%.
The renewed investor interest in SOL and its ecosystem—praised and used by developers and major companies like Visa and Shopify—has led to tokens that run on its blockchain blowing up in value. Meme coins that run on Solana's blockchain in particular are doing well.
Dog-themed Dogwifhat (WIF), launched just last month, is up over 39% in the past day. In the past week, it has surged by 892%. It is now priced just below $0.23.
Solana Flips XRP as SOL Hits Another Yearly High
The crypto market is in the green today—but Solana is greener than most, with SOL popping to a 2023 high price as it continues its recent upswing. Solana rose above $80 for the first time since May 2022 early Wednesday, jumping as high as $80.77 before settling slightly to about $79.50 at the time of writing. SOL is up 8% on the day and 35% over the past 30 days, with a 546% surge since this time last year. Amid its latest price jump, Solana’s market cap has grown to $34.4 billion, surpassing XR...
But Bonk (BONK), which has shot up spectacularly this month and last, has cooled: it's down almost 6% in the past day to a current price of $0.00001885.
The rest of the major coins and tokens are largely stagnant today. Bitcoin (BTC), the biggest cryptocurrency, has barely moved over the past 24 hours and is trading for $43,810. It popped above $44,000 on Wednesday and did so again early Thursday, but has dipped slightly since. Over the course of the last day, it's mostly trading sideways.
The Next BONK? Solana Meme Coin Dogwifhat Pumps 2,000X in a Month
What a time to be a dog-themed Solana meme coin. For weeks, BONK, a Shiba Inu-inspired Solana token, soared with no end in sight, dominating crypto discourse and enriching holders hundreds of times over. Now, another Solana meme coin is catching fire, apparently by ever so slightly innovating on the BONK aesthetic. It’s a dog, yes—but this time, it has a hat. Dogwifhat (WIF), a Solana token based on the Dogwifhat meme, is up an eye-popping 227,000% since its launch over Thanksgiving week, less...
And Ethereum (ETH) has dropped by nearly 1% in value; it's now priced at $2,225 per coin.
Elsewhere, Near Protocol's native asset NEAR is one of the best performers among the top 100 cryptocurrencies and has shot up almost 17% in the past day. NEAR is now trading hands for $3.41.
Edited by Andrew Hayward
