Solana flips XRP once more, closes in on Ethereum

Solana’s native asset SOL flipped XRP this morning to again become the fifth-largest cryptocurrency by market cap.

After gaining more than 700% since its market bottomed out at the end of last year, SOL is now valued at nearly $34 billion. XRP and SOL trail only binance coin (BNB), tether (USDT), ether (ETH) and bitcoin (BTC).

This makes SOL one of the best performing top-100 cryptocurrencies of 2023. XRP, meanwhile, has only made about 80% — about the same as ether — but both have underperformed against bitcoin this year.

XRP must still deal with a jury trial in Ripple’s long-running US Securities and Exchange Commission saga set for next year. A federal court in July found…

Read more on Blockworks

80.8K Reads