Solana’s market capitalization is currently 56.12 billion USD, positioned just 7.16% below USDC’s 60 billion USD. Trading at 109.24 USD, SOL has recently gained 11% in the last 24 hours.
The trading volume for Solana witnessed a major spike, surpassing 8 billion USD in the last day, indicating strong investor confidence and potential trends favoring SOL over USDC.
Experts assert that if SOL’s price exceeds 120 USD, it will likely surpass USDC’s market cap due to its increasing demand, reinforced by Circle minting an additional 250 million USDC on the Solana blockchain.
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