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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
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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.