- Solana surpasses Dogecoin in market cap, despite both facing a downtrend.
- Solana's NFT market booms, with sales surging to $32M in the last 30 days.
- Dogecoin, along with SHIB, becomes an official payment option on Bitpay.
Solana and Dogecoin are seeing significant shifts in their market capitalization rankings. Recent reports from Messari, a provider of crypto market intelligence products, indicate that Solana's market cap has overtaken Dogecoin's, even as both coins face a downward trend. Moreover, Solana's dominance in the NFT market has sparked speculation about its price.
Despite a reported decrease in their market capitalizations, Solana's dominance in the Non-Fungible Token (NFT) market continues to gain attention. Messari revealed that on August 17th, Solana's market cap stood at approximately $9.4 billion, compared to Dogecoin's $9.2 billion.
CoinMarketCap’s data confirmed a decline in these figures, but the relative positions of the two coins remained the same. With a current price of $21.86 and a 24-hour trading volume of $664,158,374, Solana is currently down by 5.18%. However, it still holds the #8 spot on CoinMarketCap with a market cap of $8,905,376,375.
-Read full article at CryptoTale.
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