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SOL Overtakes MATIC By Market Cap, What’s Next For DOGE?

Solana overtook Polygon by market cap for some time.Crypto market capitalization hits $1 trillion.SOL is currently trading at $23, a major rise from $8 at the end of...
SOL Overtakes MATIC By Market Cap, What’s Next For DOGE? SOL Overtakes MATIC By Market Cap, What’s Next For DOGE?
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  • Solana overtook Polygon by market cap for some time.
  • Crypto market capitalization hits $1 trillion.
  • SOL is currently trading at $23, a major rise from $8 at the end of 2022.

According to data from CoinMarketCap, Solana (SOL) took over Polygon (MATIC) for a brief time with a total market cap worth $8,646,177,569. However, Polygon soon reclaimed its place with a market capitalization of $8,669,549,784. At the time of writing, SOL’s market cap stands at $8,636,881,477.

Moreover, the crypto rally over the last two weeks has pushed the industry’s total market capitalization to $1 trillion, for the first time since crypto exchange FTX’s downfall. Additionally, Bitcoin’s value increased by 27%, going from $16,500 to $21,000 in just two weeks. BTC’s market cap hit $400 billion with its dominance going back up to 41%.

However, Bitcoin is not the only digital asset on the rise. The majority of altcoins including Solana, Polkadot, Polygon, Avalanche, and more are experiencing a heavy rise in their prices.

While Solana was impacted the most in Sam Bankman-Fried’s crypto shakeout, SOL has almost tripled in value surging to $23 after a debating $8 at the end of 2022.

On the other hand, $SHIB’s new meme coin BONK is suffering a downtrend after being on the rise by 787% since its launch. Currently, it is down by 56% from a seven-day high of $0.000002 last Sunday to a low of $0.00000088 on Friday.

Meanwhile, Shiba Inu has also spiked in the last few days, nevertheless down by 88% from its all-time high of $0.000086. Simultaneously, its competitor DOGE marked more than 16% gains from a seven-day low of $0.077 on Tuesday to a high of $0.092 on Monday.

The post SOL Overtakes MATIC By Market Cap, What’s Next For DOGE? appeared first on Coin Edition.

See original on CoinEdition

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1.0809

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149.96

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    EUR/USD 1.0809 Buy  
    GBP/USD 1.2622 Neutral  
    USD/JPY 149.96 ↑ Buy  
    AUD/USD 0.6549 ↑ Buy  
    USD/CAD 1.3525 Sell  
    EUR/JPY 162.10 ↑ Buy  
    EUR/CHF 0.9535 ↑ Buy  
    Gold 2,035.45 Sell  
    Silver 23.032 ↑ Sell  
    Copper 3.8598 ↑ Buy  
    Crude Oil WTI 77.26 ↑ Buy  
    Brent Oil 82.57 Buy  
    Natural Gas 1.711 Buy  
    US Coffee C 188.03 ↑ Buy  
    Euro Stoxx 50 4,759.75 ↑ Sell  
    S&P 500 4,975.51 ↑ Buy  
    DAX 17,068.43 Sell  
    FTSE 100 7,719.21 ↑ Buy  
    Hang Seng 16,247.51 ↑ Buy  
    Small Cap 2000 2,003.65 ↑ Buy  
    IBEX 35 10,038.20 Sell  
    BASF 46.045 ↑ Sell  
    Bayer 28.77 Neutral  
    Allianz 249.40 Sell  
    Adidas 181.12 ↑ Buy  
    Lufthansa 7.339 ↑ Buy  
    Siemens AG 168.72 Neutral  
    Deutsche Bank AG 11.954 ↑ Sell  
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