Solana Impressive Achievement Against Ethereum

Solana Surpassed #Eth in NFT sales a few days ago and registered a more significant rise on a weekly basis.

Solana's cryptocurrency, #sol recently reached a high of nearly $75, a level last seen in May 2022, and is currently valued around $71. This surge coincides with Solana's notable growth in non-fungible token NFT sales volume. According to CryptoSlam, Solana’s NFT sales volume increased by 53% in a week, reaching nearly $68 million, briefly surpassing Ethereum in this metric. While Ethereum's NFT sales volume stands at about $100 million, it has seen a 5% decline over the same period.

A significant highlight in Solana's recent achievements is the performance of its memecoin, Bonk Inu (BONK). #BONK has seen a dramatic 400% price increase within a month, achieving an all-time high on December 9. Its market capitalization now is around $800 million, making it the 81st largest cryptocurrency. This rise in BONK's value may be attributed to the overall positive trend of Solana and the ongoing popularity of memecoins. Notably, BONK has outperformed other prominent memecoins like Dogecoin #Doge🦊 and Shiba Inu #SHIB , which have experienced more modest increases recently. These developments highlight Solana's growing influence and dynamic presence in the cryptocurrency market.

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