Solana surges to 4th spot, While DOGE briefly claims 7th over XRP

• SOL has flipped BNB and has a massive market cap of $87.9 billion. 
• DOGE briefly flipped XRP but lost the 7th position soon after.
• Bitcoin achieved a new all-time high as Trump’s chances of victory soar.

Solana’s (SOL) recent price increase has pushed it to the fourth spot in market capitalization among digital assets, overtaking Binance Coin (BNB). The Solana token surged 16% in the past 24 hours, bringing its market cap to $87.9 billion. Meanwhile, BNB has slipped to fifth place with a current price of $585.32 and a valuation of $84.3 billion.

On the other hand, Dogecoin (DOGE) briefly overtook XRP to claim the 7th position in market cap. However, DOGE’s market cap dipped below XRP’s after a 1.15% drop in response to trader profit-taking, allowing XRP to regain its spot.

According to the data from CoinMarketCap, at the time of writing, SOL is trading at $183.63, down 28.23% from its all-time high of $260. BNB, on the other hand, is trading at a 18.84% discount from its all-time high of $720.

Meanwhile Dogecoin is currently priced at $0.2051 after hitting a daily high of $0.2133. Over the past 24 hours, DOGE soared by 23.39% and has seen an impressive 81.06% increase over the past 30 days, outpacing most other blue-chip tokens. DOGE’s market cap now stands at $30.33 billion, with trading volume up 216.47% to $9.78 billion.

Meanwhile, XRP rose by 5.34% in the past day and is trading at $0.5382, down 86.02% from its all-time high of $3.84. Over the past 30 days, XRP has dipped 0.57%, ranking it among the lowest performers in the blue-chip category with a market cap of $30.62 billion. If XRP bulls don’t take control, DOGE may soon reclaim the 7th position.

Bitcoin Reaches New All-Time High on Trump’s Win

Bitcoin hit a new all-time high of $75,000 on Wednesday, achieving a market cap of $1.49 trillion. At the time of this report, Bitcoin is trading at $74,388.70, up 8.38%.

This rally is largely attributed to Republican candidate Donald Trump winning the 2024 U.S. presidential election. Trump’s victories in key swing states, including North Carolina and Georgia, have actually catapulted crypto market confidence.

Read also :Bitcoin’s Path to $100,000: Predictions, Election Impact, and Halving Effects

The former president has pledged to implement pro-crypto policies and to replace SEC Chair Gary Gensler on his first day in office, a promise that has excited many in the crypto community who believe Gensler’s approach has hindered industry growth.