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Ethereum Rival Solana Climbs to Seventh in Crypto Top 10

  • Solana’s SOL has tripled in price over the past three weeks
  • Limelight increasingly falling on tokens other than Bitcoin
Updated on

The cryptocurrency linked to the Solana network has jumped to the seventh spot among the world’s top 10 largest virtual coins amid optimism that the blockchain could be a long term competitor to Ethereum.

Solana’s SOL token has tripled in about three weeks and now has a market value of more than $41 billion, according to CoinGecko. Proponents tout the claimed speed and lower cost of transactions on Solana for decentralized finance and digital collectibles, applications where Ethereum dominates.