Cardano and Ripple are in danger as Solana tries to regain its place in the market cap top with 30% weekly growth
As of today, June 21, Solana (SOL) has managed to gain up to 30% in a span of seven days. This performance added $3 billion to its capitalization. However, right now, Solana (SOL) is ranked only ninth in overall market cap by CoinMarketCap, excluding Cardano, Ripple, BNB Chain, Ethereum, and of course, Bitcoin. And these figures exclude stablecoins.
If or when SOL is able to add another $10 to its price per token, Solana will see itself in seventh place, behind both Cardano and Ripple. Is it possible for Solana (SOL) to increase by another 35%? Considering only the pace at which SOL is growing and the performance of its closest rivals in market cap, it may be worth a bet.
Solana (SOL) Price Prediction
Even though CoinMarketCap attributes the impressive growth of Solana (SOL) to its seven-day performance, don’t let yourself be misled. The fact is, the increase didn’t actually start until Sunday, June 18th at $27.20 per token.
On that day, Solana once again found itself at the bottom, having failed to cross the crucial mark of $35.75, recharged with investor money and rightly so, with a correction, stormed key price levels. After a series of false breaks on Monday, June 20, the coin finally managed to cross the $35.75 level, kicking it out with a large green candlestick. The SOL is now trading 5% higher at $37.7 above that level.
If it manages to close above that level, the SOL has a chance to continue rising, but whether this will result in a better position to top the market cap is unknown. At present Solana is winning small battles, but no one knows who will win in the war.