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Ethereum Dominance Challenged As SOL, TON Rise

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SOL and TON Outshine ETH: Is the Throne Shaking?

  • SOL and TON are up 2% and 4.5% within the final 24 hours.
  • ETH was down 0.5% to commerce at $2,736, up 66% since August 2023.
  • SOL and TON are up a large 686% and 295% respectively since August 2023.

Solana (SOL) and Toncoin (TON) surged on Monday, surpassing the world's second-largest cryptocurrency by market capitalization, Ether (ETH). In the meantime, market chief Bitcoin (BTC) remained sluggish, buying and selling at $63,450 at press time.

SOL is up almost 2% to commerce at $159.45, in keeping with information from CoinMarketCap, with the cryptocurrency leaping from a 24-hour low of $156.03 to a excessive of $161.95. Nevertheless, the altcoin has plunged a whopping 38.76% from its all-time excessive of $260 seen on November 7, 2021, in the course of the earlier bull run within the crypto market.

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SOL commerce quantity has decreased by 28.89% within the final 24 hours and presently stands at $1.93 billion. Its market capitalization is $74.3 billion. The altcoin is up 12.03% over the previous week however is down 9.96% over the previous month. Nevertheless, SOL has gained a large 686.04% since August 2023.

In the meantime, TON is up 4.58% within the final 24 hours and is buying and selling at $5.64, with a 34.67% lower in buying and selling quantity. Its market cap is $14.3 billion…

The put up Ethereum's Dominance Challenged as SOL, TON Rise appeared first on Coin Version.

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