In a recent announcement via X on November 10th, Bitwise CEO Hunter Horsley highlighted that Solana’s market capitalization is on the verge of exceeding $100 billion, currently positioned at approximately $97 billion. This milestone is significant, as only three cryptocurrencies have achieved such a market cap threshold throughout the history of digital assets, with the notable exclusion of USDT. The ongoing rise of Solana underscores its growing relevance in the crypto ecosystem, further emphasizing investor confidence in its underlying technology and scalability. As institutional interest intensifies, Solana’s ascent could reshape the competitive landscape among leading cryptocurrencies. Market participants and analysts alike will be closely observing how this trajectory impacts overall market dynamics and investor sentiment in the coming months.
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