Cryptos
Solana Will Become the Third Largest Crypto After Ethereum
Expect Solana to beat out Tether and Binance Coin well within the next year
Even though Solana crypto (SOL-USD) is up substantially this year. It is now the fifth-largest crypto by market cap, it’s likely to keep accelerating. The crypto has had a truly spectacular ride in the last 4 months.
Since July 19, when it was at $23.49, Solana is now over 10 times this price at $240.93, as of late Nov. 14.
The chart above shows the parabolic move of Solana crypto in the last 4 months.
At $73.1 billion, Solana is now neck and neck with Tether (USDT-USD), a stable coin with a $73.8 billion market value. It’s also higher than Cardano (ADA-USD) with a $68 billion market cap.
What is Driving This Spike?
Solana’s open-source decentralized blockchain is clearly making major inroads with smart contracts, as well as in Defi (decentralized…
