Cryptocurrency

Solana hit another record high after surging 20% in value in the last 24 hours to overtake Dogecoin as the world’s seventh most valuable cryptocurrency.

At the time of writing (7am UK), SOL – which was worth $1.84 at the start of the year – is at $137.33 and a massive 69% up in a week. Its market capitalisation has broken $40 billion.

The open-source project is designed to facilitate the creation of decentralised apps. Also able to execute smart contracts by utilising proof-of-history technology, it can process 50,000 transactions per second.

Meme coin Dogecoin (DOGE) dropped back below 30c after a fall of 2% but is 8% up over seven days.

Ripple’s XRP coin rose 2% to reach $1.27 and is now closing on the $1.30 level it reached a couple of weeks ago. It is 17% up over seven days.

Cardano (ADA) fell back 4% to $2.96 having topped $3 yesterday. The proof-of-stake blockchain platform – which has risen to third spot in the valuation league table in recent weeks – is up 16% in a week.

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Smart contract blockchain platform Ethereum, whose ETH token is the world’s second most valuable crypto, climbed 1% to top $3,800. It is 22% up on its price last Thursday.

Market leader Bitcoin (BTC) dropped back to $49,500 with a minor loss in value but remains 5% up over seven days.

Binance Coin (BNB) fell 1% to $486 but is 2% up in a week.

Polkadot (DOT) is the other non-stablecoin in the top 10. Following a 3% rise, the token – a proof-of-stake cryptocurrency which aims to securely connect blockchains as a sort of decentralised internet – is at $33.02 and 23% up in a week.

With a market cap of almost $33bn, it is $6bn short of DOGE.

The only coin to climb more than Solana was IOTA (MIOTA), which rose 31% to $1.61 and is 67% up in a week.

The cryptocurrency market climbed 0.8% in the last 24 hours, with the 11,600 coins now worth a collective $2.24 trillion.

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To see how the valuations of the biggest movers and shakers – and main coins – have changed over the last few days, click here.

For valuations of the top 250 coins by market cap (updated every 15 minutes), their market cap plus 24-hour price change and volume traded, see below. 

Cryptocurrency