Solana’s price could flip Tether’s USDT market cap at $270

Insights Solana

Surge in Solana price signals potential third-place crypto market rank.

Solana is showing strong momentum, which, if its current price surge continues, could position it to overtake Tether’s USDT stablecoin market cap.

Data from CryptoSlate shows that Solana’s price has climbed by 12% over the past week, reaching a three-year peak of over $245. This surge boosted its market capitalization to $116.7 billion and further solidified its position ahead of Binance-backed BNB, which it overtook earlier this month. BNB currently holds a market cap of $87.8 billion.

Solana Price Performance (Source: Tradingview)

Should Solana sustain this upward momentum, it may soon achieve a new all-time high. A repeat of its recent weekly growth could drive its price to around $270, which would outpace its current all-time high of $259.

This potential increase would drive Solana’s market cap beyond Tether’s $127 billion, positioning it as the third-largest crypto by market value.

Such a shift would represent a significant milestone achievement for Solana, reflecting its competitive edge in the dynamic crypto landscape