SOL and TON Rise, Calling into Query Ethereum’s Dominance

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SOL and TON Surpass ETH: Will the Throne Be Shaken?

  • SOL and TON have risen 2% and 4.5% respectively previously 24 hours.
  • ETH fell 0.5% to commerce at $2,736, up 66% since August 2023.
  • SOL and TON have seen huge beneficial properties of 686% and 295%, respectively, since August 2023.

Solana (SOL) and Toncoin (TON) surged on Monday, surpassing Ether (ETH) because the world's second-largest cryptocurrency by market cap, whereas market chief Bitcoin (BTC) remained sluggish, buying and selling at $63,450 at press time.

SOL is buying and selling at $159.45, up about 2%, because the cryptocurrency surged from a 24-hour low of $156.03 to a excessive of $161.95, in accordance with information from CoinMarketCap. Nonetheless, the altcoin continues to be down 38.76% from its all-time excessive of $260, which it hit on Nov. 7, 2021, over the last crypto bull run.

SOL's buying and selling quantity has fallen 28.89% over the previous 24 hours, presently sitting at $1.93 billion. Its market cap is $74.3 billion. The altcoin has risen 12.03% over the previous week, however is down 9.96% over the previous month. Nonetheless, SOL has seen a large 686.04% enhance since August 2023.

In the meantime, TON is up 4.58% previously 24 hours and buying and selling at $5.64, down 34.67% on quantity. It has a market capitalization of $14.3 billion.

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