Solana Leapfrogs XRP as Fifth-Largest Crypto

[jrrsparkles]

SOL is trading at a 20-month high on the back of a bustling DeFi ecosystem and meme coin mania.

This week, total value locked (TVL) on Solana topped $1 billion for the first since FTX's collapse in November last year, spurred by rising asset prices and consistent inflows to DeFi protocols.
Decentralized exchanges on Solana have experienced a boost in trading volume. On Dec. 15, Orca facilitated $746 million in volume, it has previously surpassed $100 million only once before November. Much of the increased activity can be attributed to meme coins like Bonk, a dog-themed token that now has a market cap of more than $1.2 billion.

SOL is currently trading at $81.04 having risen by 9.14% over the past 24 hours. Trading volume is up by 39% to $2.6 billion, according to CoinMarketCap.

Solana Leapfrogs XRP as Fifth-Largest Crypto, Spurred by Meme Coin Mania

So far it has been a very good day for the Solana investors and other memcoins, even though the difference is just around 1 Billion market cap still its good to be in the top 5 after FTX collapse. Solana investors, what is your next step?

[batang_bitcoin]

So far it has been a very good day for the Solana investors and other memcoins, even though the difference is just around 1 Billion market cap still its good to be in the top 5 after FTX collapse. Solana investors, what is your next step?

I am not a solana investor and this isn't a financial advise either. I think that everyone now is going to think about trying to goal to reach back the former ATH. While it's possible with such pattern of what Solana is showing. I guess that the FOMO will start in once it steps to $100 again.
It's just a wow journey to this coin when I've seen it on the rock bottom and now it's rocking back to the top and even managed to surpass XRP with its ranking.

[nelson4lov]

That's an important milestone and I missed it earlier on. Solana is on route to reclaim the $100 price level as long as Bitcoin doesn't do any major moves that would stunt the growth of solana. For a chain that was almost declared dead earlier this year, it's fascinating just how well the dry bones have risen. Congratulations to everyone that bought solana at the lowest point this year (not me because I was tok scared). I'm currently on their ecosystem to see if any of the well-to-do meme tokens will favor me.

[johnsaributua]

The solana price collapse some time ago witnessed the collapse of several cex to date, but solana is moving as usual, for me when yesterday there was a fomo airdrop distribution, it was getting stronger for solana lovers, I think it has been 3 times or more solana investors getting multiples since deep. 2024 I think it will reach $105/solana or more than that, dex network solana there are those who have not distributed airdrops may turn around.

FTX may be forgotten a lot because bounty hunters focus on the function of this coin itself, I myself sometimes don't see what the current price is, because I don't want to miss the event

The adoption of solana by other companies can also increase the value of transactions, it is customary that the denser the transaction network, the more crowded the hype of an event. Although this is not always the case, I think solana can prove its resurgence when other coins are still holding on to prices that return between deep and the nearest ath and even feel at home in the consolidation area. I am not a solana investor but I admire and buy occasionally.

[cryptoaddictchie]

It seems solana really did take off. I hope that other L2 move forward too as everyone keeps on solana ecosystem due to airdrops and meme coins. One thing that boost too is due to their saga phone which has been release and has more expensive now to its original price due to airdrops alert and giveaeay associated with it.

[tajimas]

I can't really tell if SOL has surpassed XRP but I can say Solana ecosystem had been doing pretty much well lately, orca decentralized exchange on Solana did excellently last year with BONK the first meme coin on Solana surge higher in volume and now even listed in Binance.

Edit: SOL on 5th while XRP on 6th on Coingecko, this is really amazing tbh..

[pccrypto]

Yeah, it's crazy! BNB next on the list to leapfrog.

P.S. btw, have a look at Solana deep dive here: https://pccrypto.co/solana-deep-dive/

[zasad@]

Analyze the past growth of this coin and look for other reasons other than speculation from market makers. When there was bad news about the sale of a large batch of Srlana from the assets of the FTX exchange, the manipulators bought this coin. I cannot predict to what price the rise will occur, but the fall will also be just as rapid.

[kentrolla]

Yes SOL has been on dream run for a while now and people are expecting for new ATH and we already see users investing into SOL and surge in trading volume which indicates either FOMO as people don't want to miss the bull run and they see price increasing and they put their investment into SOL and the other set of people are in for some quick trades since the value has been fluctuating like 5-10% everyday so people would gamble on leverages.

Sometimes when we fail to invest on time we feel like price correction is going to happen nu t end up the other way around because we don't think of logic when emotion take over.

[Yogee]

The airdrops on the vast Solana ecosystem has been helping with the price increase. Every now and then you can read confirmed drops and speculations on social media so even regular traders participate in staking or farming. It's almost the same situation with Injective and I'm pretty sure other ecosystems will have their run as well.

[Sayeds56]

SOL is currently trading at $81.04 having risen by 9.14% over the past 24 hours. Trading volume is up by 39% to $2.6 billion, according to CoinMarketCap.

Solana at this moment is trading  around $86, making the highest price in 2023, although still lower than its all time high (ATH) of $250. Solana has made very impressive gains during the past three month when it rebounded form $7. Today it has achieved fifth position in cryptomaketcap, and given the current upward trend in Solana, we can anticipate a potential move to fourth position in the near future.

Thanks to Solana team for their consistent efforts for making it so precious coin.

[tjtonmoy]

So far it has been a very good day for the Solana investors and other memcoins, even though the difference is just around 1 Billion market cap still its good to be in the top 5 after FTX collapse. Solana investors, what is your next step?

I would say, it is still not there yet. It has more potential to grow but it's going to take some time. Maybe more time than expected, but all we can do is wait. I am not letting go of my assets just because I see a little pump in the price. I am willing to hold for a bit long and maybe sell some if I see an opportunity. But it has not reached my targeted price yet.
I am not a big investor, so all I have is a little amount. So in order to get the desired profit out of it, I will have to wait. And I am just doing that.

With big amount you can make big profits. But for a small investor like me, all I can do is wait until my target is filled.

[btc78]

So far it has been a very good day for the Solana investors and other memcoins, even though the difference is just around 1 Billion market cap still its good to be in the top 5 after FTX collapse. Solana investors, what is your next step?

I think that everyone now is going to think about trying to goal to reach back the former ATH. While it's possible with such pattern of what Solana is showing. I guess that the FOMO will start in once it steps to $100 again.
It's just a wow journey to this coin when I've seen it on the rock bottom and now it's rocking back to the top and even managed to surpass XRP with its ranking.

with solana’s market performance right now we are predicting that it might reach $100 or even reach up to $150 until the summer of next year it seems like solana will keep on getting good news with its DeFi and ecosystem presenting good potential and overall good news with the scene of cryptocurrency it’s not going to be a surprise to see solana break its ath and create a new one

[batang_bitcoin]

I think that everyone now is going to think about trying to goal to reach back the former ATH. While it's possible with such pattern of what Solana is showing. I guess that the FOMO will start in once it steps to $100 again.
It's just a wow journey to this coin when I've seen it on the rock bottom and now it's rocking back to the top and even managed to surpass XRP with its ranking.

with solana’s market performance right now we are predicting that it might reach $100 or even reach up to $150 until the summer of next year it seems like solana will keep on getting good news with its DeFi and ecosystem presenting good potential

It is just a few bucks away from those prices and it's very likely that we might see it then. We're not yet even in the altcoin season and that usually comes after Bitcoin's bull run. But who knows if the cycle changes and altcoin season has came first and then will be followed by Bitcoin's bull run.

and overall good news with the scene of cryptocurrency it’s not going to be a surprise to see solana break its ath and create a new one

Yup, it applies to Solana and also with other top altcoins that we see.

[MFahad]

Solona is very close to overtake bnb. according to coinmarketcap data Solona is now standing with 40.38 billion in number 5 and bnb has 40.67 billion on number 4. The hype solona is getting, I believe that today or tomorrow we will see solona on number 4. The success of solona is due to so many free airdrops, fast transaction, staking and low fee. The previous failed of network created panics where all weak hands sold low while long term believer accumulated more. unfortunately I haven't accumulated at the low rate otherwise my portfolio would be pumped to 5x now

[GlacierBIT]

So far it has been a very good day for the Solana investors and other memcoins, even though the difference is just around 1 Billion market cap still its good to be in the top 5 after FTX collapse. Solana investors, what is your next step?

I think that everyone now is going to think about trying to goal to reach back the former ATH. While it's possible with such pattern of what Solana is showing. I guess that the FOMO will start in once it steps to $100 again.
It's just a wow journey to this coin when I've seen it on the rock bottom and now it's rocking back to the top and even managed to surpass XRP with its ranking.

with solana’s market performance right now we are predicting that it might reach $100 or even reach up to $150 until the summer of next year it seems like solana will keep on getting good news with its DeFi and ecosystem presenting good potential and overall good news with the scene of cryptocurrency it’s not going to be a surprise to see solana break its ath and create a new one

The success of Solana can be incredible, we are already seeing such a positive movement that only encourages us to think about further success. I’m sure many have already managed to invest, let’s see how lucky they are, in the new year everything is possible, potential for further success is definitely possible.

[DeathAngel]

Bullish times for Solana holders, well it’s bullish to be in most coins at the moment as over the next 2 years we will see much higher prices. XRP is still a good coin to have though, there is no competition. We are all here, hoping to make lots of profit in the next bull run. May I wish the best of luck to everybody.

[disconnectme]

Solana revival is a good story for all, I think the team learnt their lessons, instead of making the VCs rich they shift their focus to community, look at the airdrops and the bonk success story the winner here are the community. If they can get this right it would their success and growth would be sustained. People saying it is memes coins, majority of tokens on Uniswap are Memes

[jrrsparkles]

SOL jumped over 20% in the last 48 hours or so and strongly registered its 5th spot in the marketcap ranking and there is high possibility to surpass BNB too because its just 1 Bn ahead at this moment and I don't think the meme coin is going to stop any day so SOL investors are bagging some reap now after a long time.

[nelson4lov]

SOL jumped over 20% in the last 48 hours or so and strongly registered its 5th spot in the marketcap ranking and there is high possibility to surpass BNB too because its just 1 Bn ahead at this moment and I don't think the meme coin is going to stop any day so SOL investors are bagging some reap now after a long time.

Solana already surpassed BNB earlier today nut the solana bulls took a chill pill and BNB have reclaimed it's spot. I'm pretty sure that Solana will comfortably flip BnB since there's no more CZ in the picture to drive the BnB narrative. BnB used to be only of the runners that lead the bull market whenever possible but right now, it's only playing catch up snd I'm sure this would continue being the norm


There are talks about Solana flipping Ethereum in this bull run. I don't know how's its possible but it'd be interesting to see. The people enjoying this solana run are those that bought solana around $8 per sol. That was a time when even the strongest beliefs of Solana were shaken out.