Cryptocurrency

The record run of Solana, which recently overtook Dogecoin as the world’s seventh most valuable cryptocurrency, has continued in spectacular fashion.

SOL – which was worth just $1.84 at the start of the year and was already at a record high yesterday morning – climbed an astonishing 30% in the last 24 hours.

At the time of writing (7am UK), it is at $184, a huge 57% higher than its position a week ago.

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.

With a market cap of almost $55 billion, the altcoin – which is being driven up in value as a result of its support for non-fungible tokens – is only $9bn behind XRP.

Ripple’s coin itself is on fire at the moment. After topping the recent high water mark of $1.30 from a couple of weeks ago, it surged another 4% in the last 24 hours to reach $1.38. It is 23% up in a week.

Cardano (ADA), the third most valuable crypto, dropped 3%. The proof-of-stake blockchain platform was above $3 last Thursday but has since fallen to $2.81. However it remains 1% up in a week.

Smart contract blockchain platform Ethereum, whose ETH token is the world’s second most valuable crypto, is closing on $4,000 after a stellar year. It is 21% up on its price last Tuesday.

Market leader Bitcoin (BTC) is around $52,700 after rising 2% and 12% up over seven days. The original crypto is making its debut as legal tender in El Salvador today.

Binance Coin (BNB) remained stable around the $497 mark. It is 7% up over seven days.

FinTech disrupter Bankifi raises £2.2m

Meme coin Dogecoin (DOGE) had risen back above 31c on Monday, but a 2% fall puts it back at 30.5c. However it is 12% up over seven days.

Polkadot (DOT) is at $35.37 after a 3% boost and 31% up in a week.

Fantom (FTM) was the biggest winner behind Solana in the last 24 hours, adding 28% of value to reach $1.64. It has doubled its value in a week.

The cryptocurrency market is now worth $2.37 trillion, with the 11,600 coins climbing 1.2% in the last 24 hours. Bitcoin and Ethereum’s market share has fallen from 78% in early August to about 67% today amid the rise of the altcoins.

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