- Solana has climbed to the 14th position in terms of market capitalization ahead of TRON and Shiba Inu.
- At 45%, SOL is the crypto with the highest surge so far in 2023.
- The new meme coin Bonk is partly responsible for Solana’s latest surge in market cap.
CoinMarketCap data shows that Solana (SOL) has climbed to the 14th position in ranking based on market capitalization. SOL now ranks higher than TRON (TRX) and Shiba Inu (SHIB). Both cryptos sit in the 15th and 16th position respectively on the platform.
At the time of writing, Solana’s market capitalization stands at $4.87 billion. That is almost $200 million more than the market capitalization of TRON, $4,68 billion. Shiba Inu’s market capitalization was $4.57 billion during the same period.
Solana has been on a significant uptrend since the beginning of 2023. It started the year with a market cap of $3.04 billion. In the past seven days, it added about $2 billion, reaching nearly $5.2 billion. A pullback in the past 48 hours has seen this value drop to $4.87 billion, marking its current position.
With a 45% rise, Solana is the cryptocurrency with the highest surge since the beginning of the new year. Its price also climbed from $9.93 on the first day of the year to $13.20 as of the time of writing.
This latest surge ...
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