- As of today, Solana (SOL) ranks 9th in overall market capitalization on CoinMarketCap.
- Uncertainty remains and the question remains whether Solana will increase another 35% based on its growth trend and the performance of its closest rivals.
- If it manages to close above that level, SOL will possibly continue to rise, but we still don’t know if it will give it a better position in the market.
As of today, Solana (SOL) ranks ninth in overall market capitalization on CoinMarketCap, losing out to Cardano, Ripple, BNB Chain, Ethereum, and Bitcoin excluding stablecoins. But in just seven days, Solana managed to earn up to 30%, which added 3 million to his capitalization.
Uncertainty remains and the question remains whether Solana will increase another 35% based on its growth trend and the performance of its closest rivals. If it adds another 10% to its price per token, it will reach a seventh place with Cardano and Ripple behind it. This becomes a great challenge for Solana.
Solana Price Prediction
It should be noted that although CoinMarketCap refers to the significant growth of Solana in the last 7 days, in reality, the increase only started on Sunday, June 18 at USD 27.20 per token and on Monday, June 20 after good reversals, corrections and false breaks finally managed to pass the $37.75 mark, now trading above that level by 5% at $37.7.
If it manages to close above that level, SOL will possibly continue to rise, but we still don’t know if it will give it a better position in the market. Every day on the rise is a small battle won by Solana but we still don’t know who will win the war.
