Cardano & Ripple under threat as Solana is trying to reconquer its place in market cap top with 30% weekly growth
To date, June 21, Solana (SOL) has managed to gain up to 30% in seven days. This performance added $3 billion to its capitalization. However, at present, Solana (SOL) is only ranked ninth in the overall market capitalization ranking by CoinMarketCap, dropping Cardano, Ripple, BNB Chain, Ethereum and, of course, Bitcoin. And these statistics exclude stablecoins.
If or when SOL would be able to add another $10 to its price per token, Solana will see itself in seventh place, with both Cardano and Ripple behind it. Is it possible for Solana (SOL) to surge another 35%? Considering only the pace at which SOL is rising and the performance of its closest rivals in the market cap top it may be worth betting on.
Solana (SOL) Price Prediction
Even though CoinMarketCap attributes the impressive growth of Solana (SOL) to its seven-day performance, don’t let that fool you. The thing is, the upside only really started on Sunday, June 18, at $27.20 per token.
That day, Solana once again found itself at the bottom after failing to overcome the important mark of $35.75, recharged with investors’ money and properly, with corrections, went on to storm the key price level. After a series of false breaks on Monday, June 20, the coin finally managed to pass the level of $35.75, taking it out with a big green candlestick. SOL is now trading above that level by 5% at $37.7.
If it manages to close above this level, SOL has a chance to continue rising, but it is unknown if this will translate into a better position at the top of the market cap. Right now, Solana is winning small battles, but no one knows yet who will win the war.
