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 XRP—the cryptocurrency of the Ripple ecosystem—to become the fifth-largest cryptocurrency per data from CoinGecko. Binance Coin (BNB) is next up the chart with a market cap of about $39.7 billion.

While still far from its all-time high of nearly $260 set in November 2021, Solana has seen its fortunes rise in recent months as investors take a fresh look at the blockchain ecosystem. In fact, Solana started the year at a price of about $10.

Other Solana-based coins are similarly hot lately, with dog-themed meme token Go to Source to See Full Article
Author: Andrew Hayward

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