Solana is getting higher and higher | SOL on the 7th place of TOP 10 digital assets
Solana is getting higher and higher | SOL on the 7th place of TOP 10 digital assets Solana is getting higher and higher | SOL on the 7th place of TOP 10 digital assets

SOL ranks higher and higher in the list of digital assets with the largest market capitalization. In its latest move, Solana has swapped places with DOGE, placing it at number 7.

Solana has seen a marked increase in value in recent weeks, surpassing 300% in the last 30 days. SOL has repeatedly set new record price levels during this period, rising from around $35 per coin since August 1 to a new ATH

of over $136, which the market set on Tuesday. In the last 24 hours, Solana has gained another 19%. It is worth recalling that just on Monday, the SOL exchange rate against the US dollar broke the psychological $100 mark for the first time: on the

other hand, Dogecoin

has

risen 46% in the last 30 days. The gains in this market have been quite steep since the beginning of the year, from $0.0055 on January 1 to the current price, holding at $0.29. That’s a 5200% increase, although it’s worth remembering that Dogecoin is still almost 60% below its ATH ($0.73), which was recorded in May. Solana’s market capitalization – or the total number of coins multiplied by the current price – is now $39.2 billion compared to $38.7 billion for Dogecoin.

Solana

vs Ethereum

Solana is currently one of the leading smart contract platforms, and some commentators see it as a rival to Ethereum. Smart contracts power decentralized applications (dapps), decentralized finance sector protocols (DeFi) and non-convertible tokens (NFT

).

While Ethereum has a huge advantage among blockchains using smart contracts, the network is often overloaded with activity, resulting in higher gas fees for transactions – especially with the current boom in the NFT market. Furthermore, Ethereum’s current ETH mining model requires the consumption of large swaths of energy. This is set to change with the upcoming change in Ethereum’s cosensus model from PoW to PoS

. <

h4>From the Bithub archives:

From the Editor

This article neither in whole nor in part constitutes a “recommendation” within the meaning of the Act of 29 July 2005 on trading in financial instruments or Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014. on market abuse (Market Abuse Regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulations (Ue) 2017/565 of 25 April 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive. Thecontent contained on the website does not meet the requirements for recommendations within the meaning of the aforementioned Act, inter alia, it does not contain a specific valuation of any financial instrument, it is not based on any valuation method, and it does not specify investment risk

. ) betterads_el_width = [“728”, “90”]; else if ( betterads_el_width >= 468 ) betterads_el_width = [“468”, “60”]; else if ( betterads_el_width >= 336 ) betterads_el_width = [“336”, “280”]; else if ( betterads_el_width >= 300 ) betterads_el_width = [“300”, “250”]; else if ( betterads_el_width >= 250 ) betterads_el_width = [“250”, “250”]; else if ( betterads_el_width >= 200 ) betterads_el_width = [“200”, “200”]; else if ( betterads_el_width >= 180 ) betterads_el_width = [“180”, “150”]; if ( betterads_screen_width >= 1140 ) { document.getElementById(‘sanzydwxt-192260-529216344-place’).innerHTML = ”; (adsbygoogle = window.adsbygoogle || []).push({});}else if ( betterads_screen_width >= 1019 && betterads_screen_width < 1140 ) { document.getElementById(‘sanzydwxt-192260-529216344-place’).innerHTML = ”; (adsbygoogle = window.adsbygoogle || []).push({});}else if ( betterads_screen_width >= 768 && betterads_screen_width < 1019 ) { document.getElementById(‘sanzydwxt-192260-529216344-place’).innerHTML = ”; (adsbygoogle = window.adsbygoogle || []).push({});}else if ( betterads_screen_width < 768 ) { document.getElementById(‘sanzydwxt-192260-529216344-place’).innerHTML = ”; (adsbygoogle = window.adsbygoogle || []).push({});}]]>