💥👉Solana above $110 | And it surpasses Ethereum and Bitcoin for this metric
Another incredible run for Solana, which after overcoming what was both a technical and symbolic resistance, settled well above $110 per single token. And now, ahead of it, it only has Bitcoin, Ethereum and Tether in terms of market capitalization, having surpassed even BNB in terms of cap after an incredible run within what was an equally incredible year for the entire sector.
🚀🔥It has been an incredible run for Solana, a project that evidently too many had given up for dead prematurely, particularly after the failure of FTX seriously called into question the project's ability to carry on, in the absence of what had been one of the main financiers and also one of the most important agitators of what was happening on chain.
In the last 24 hours Solana recorded the main volumes on Binance, the most relevant of the futures markets. Important numbers that have placed trades on Solana ahead of those on Bitcoin and Ethereum.
Taking Tether out of the considerations, which being a stablecoin has a very different functioning, Solana is now close to Ethereum at least in the market capitalization ranking.
✨👉The distance still remains sidereal. To surpass Ethereum in terms of marketcap, Solana's price would have to triple while $ETH remains stagnant. An eventuality that for now seems to be beyond the reach of even such a happy moment for $SOL. And although the prices are very interesting, be careful to enter now: corrections (as partially happened this morning) are always around the corner.
