Solana briefly claimed the fourth spot over Tether, driven by the success of the OFFICIAL TRUMP memecoin, reaching a price of $295. This led to increased trading volumes that spiked from 9 billion USD to 20 billion USD within just two days.
With daily transactions at 850,000 and Total Value Locked (TVL) at a record 11.3 billion USD, technical indicators show strong momentum for Solana. The 50-day moving average is 210.10, while the RSI indicates a robust buying activity.
Ethereum maintains dominance with a trading price of 3,393.63 USD and a market cap exceeding 411.3 billion USD, showing that Solana still has significant ground to cover to be a serious contender.
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