(SOL), one of the cryptocurrencies that is currently on the rise, managed to surpass XRP and occupy the fifth largest position in the crypto market. This is based on the latest market capitalization data as of December 20, 2023 according to the crypto price movement aggregator, Coinmarketcap.
Solana has a market capitalization of 34.8 billion US dollars (Rp. 540.6 trillion). Meanwhile, XRP, a coin developed by Ripple, has a market capitalization of 33.3 billion US dollars (Rp. 516.7 trillion).
Solana was able to achieve this position thanks to its impressive price performance, while XRP remained relatively stagnant. In the last 24 hours, Solana rose 12.08%, well above the market average gain of 2.8%. Meanwhile, XRP only rose 1.67%.
At the time of writing, the price of Solana was 81.45 US dollars (Rp. 1.26 million) per coin, while the price of XRP was 0.62 US dollars (Rp. 9,622) per coin. This price difference is due to the total supply of each coin, which does not affect market capitalization.
Solana is a cryptocurrency focused on scalability, speed and low fees. Solana claims to be able to process more than 50,000 transactions per second at a cost of less than one cent per transaction. Solana also supports a variety of decentralized applications (dApps) in the fields of gaming, NFTs, DeFi and others.
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