• SOL flips BNB and has an enormous market capitalization of $87.9 billion.
• DOGE briefly reversed XRP, however rapidly misplaced the seventh spot.
• Bitcoin has hit new highs as President Trump's victory appears extra probably.

Solana (SOL)'s current value rise has pushed it to the fourth place when it comes to digital asset market capitalization, overtaking Binance Coin (BNB). The Solana token has surged 16% up to now 24 hours, giving it a market cap of $87.9 billion. In the meantime, BNB has fallen to fifth place with a present value of $585.32 and a valuation of $84.3 billion.

In the meantime, Dogecoin (DOGE) briefly overtook XRP and took the seventh place by market capitalization. Nevertheless, in response to merchants' profit-taking, DOGE's market capitalization fell by 1.15% earlier than falling under XRP, permitting XRP to regain its place.

On the time of writing, SOL is buying and selling at $183.63, down 28.23% from its all-time excessive of $260, in keeping with information from CoinMarketCap. In the meantime, BNB is buying and selling 18.84% under its all-time excessive of $720.

In the meantime, Dogecoin value is presently at $0.2051 after hitting a each day excessive of $0.2133. Prior to now 24 hours, DOGE has surged 23.39%, and up to now 30 days it has recorded a powerful 81.06% improve, outperforming most different blue-chip tokens. DOGE's market capitalization is now $30.33 billion, with buying and selling quantity growing by 216.47% to $9.78 billion.

In the meantime, XRP is buying and selling at $0.5382, up 5.34% over the previous day and down 86.02% from its all-time excessive of $3.84. Over the previous 30 days, XRP has fallen 0.57%, rating it among the many worst performers amongst blue-chip shares with a market cap of $30.62 billion. If XRP bulls don’t take management, DOGE might rapidly regain the seventh spot.

Bitcoin hits all-time excessive after President Trump's victory

Bitcoin hit an all-time excessive of $75,000 on Wednesday, giving it a market capitalization of $1.49 trillion. On the time of this report, Bitcoin is up 8.38% and buying and selling at $74,388.70.

The rally is principally as a result of victory of Republican candidate Donald Trump within the 2024 US presidential election. Trump's victories in key battleground states reminiscent of North Carolina and Georgia truly boosted confidence within the cryptocurrency market.

Additionally learn: Bitcoin's path to $100,000: Predictions, election implications, halving impact

The previous president has vowed to implement pro-crypto insurance policies and exchange SEC Chairman Gary Gensler on his first day in workplace, however this promise comes after crypto traders consider Gensler's strategy is hindering the trade's development. It excited lots of people locally.