Solana ($SOL) has not become the seventh-largest cryptocurrency by market cap as it continued its price discovery post breaching $100. $SOL has managed to gain over 70% in the past week itself even when the rest of the crypto market remained relatively inactive in terms of price momentum during the same time frame.
$SOL has closed seven consecutive weekly green candles for the first time since its inception, indicating the strong bullish momentum that the altcoin has built. The market cap of $SOL also exceeded $40 billion, taking over Dogecoin’s market cap to replace it for the seventh spot. If it manages to continue the price discovery mode it has every chance of making it to the top-5 this bull season.
Source: TradingView
Solana became the first altcoin in the crypto market to record a new ATH post-May crash. Later it was joined by the likes of Cardano ($ADA) and Terra ($LUNA).
Solana’s Long-Term Development and Crowd Sentiment Reaches New Highs
Solana started the month under $40
Źródło: https://coingape.com/solana-sol-records-new-ath-of-138-9-displaces-doge-to-take-7th-spot/
