Ethereum’s Dominance Challenged as SOL, TON Rise

• SOL and TON rose 2% and 4.5% previously 24 hours, respectively.
• ETH was down 0.5%, buying and selling at $2,736, up 66% since August 2023.
• SOL and TON are up a large 686% and 295% since August 2023.

Solana (SOL) and Toncoin (TON) surged on Monday, outperforming the world’s second-largest cryptocurrency, Ether (ETH), by market capitalization. In the meantime, Bitcoin (BTC), the market chief, remained sluggish, buying and selling at $63,450 at press time.

Based on the information from CoinMarketCap, SOL rose nearly 2% and is buying and selling at $159.45 and the cryptocurrency jumped from a 24-hour low of $156.03 to a excessive of $161.95. Nonetheless, the altcoin is down a whopping 38.76% from its all-time excessive of $260 witnessed on November 7, 2021, in the course of the earlier crypto market bull run. 

SOL’s buying and selling quantity dropped 28.89% previously 24 hours and at present sits at $1.93 billion. Its market cap stands at $74.3 billion. The altcoin is up 12.03% previously week however down 9.96% previously month. Nonetheless, SOL has gained a large 686.04% since August 2023.

In the meantime, TON elevated 4.58% previously 24 hours and trades at $5.64, with a 34.67% lower in buying and selling quantity. Its market cap is $14.3 bi…

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