Last Updated on November 11, 2023 by Bitfinsider
The seventh largest digital asset is booming so much that it is on the verge of eclipsing USDC in terms of market capitalization. The market valuation of the dollar-pegged stablecoin is currently $23.9 billion. Meanwhile, SOL’s market valuation has increased by more than $3 billion since yesterday, and it is now valued at $21 billion, according to CoinGecko.
SOL was trading at $50.61 at the time of writing, up roughly 9% in the previous 24 hours. It has increased by 24% in the last week.
When FTX declared bankruptcy last November, the price of SOL fell precipitously.
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