- Things are looking much better in the crypto markets today.
- CoinMarketCap shows SOL at the top spot on its trending list.
- SOL is currently trading at $32.83 after a 7.49% increase in price in the past 24 hours.
Things are looking much better in the crypto markets today considering the fact that most cryptocurrencies were in the red yesterday after the speech made by the Jerome Powel of the US Federal Reserve. Specifically, one of the cryptocurrencies that are doing well today is Solana (SOL).
According to the crypto market tracking website CoinMarketCap, SOL is performing well and is at the top spot on its trending list. The other coins that are included in the top three on the list are Terra Classic and Ethereum (ETH) which are up by 19.73% and 9.16% in the past 24 hours, respectively.
SOL is currently trading at $32.83 after a 7.49% increase in price in the past 24 hours and after reaching a high of $32.99 over the same time period. When looking at the longer time periods for SOL, we see that the crypto is still down about 6.17% over the last seven days and 25.27% over the last month.
In other words, this SOL price translated to around 0.001604 BTC and 0.02065 ETH.
In terms of market cap, Solana is ranked as the biggest cryptocurrency with a market cap of $11,480,699,482. This places SOL right behind Cardano (ADA) which occupies the 8th position on the list and in front of Dogecoin (DOGE) which is in 10th position among the biggest cryptos in terms of market cap.
SOL’s 24-hour trading volume also saw an increase over the last day and continues till now at $838,021,087 after a 21.21% increase.
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