XRP has surpassed Solana (SOL) by market capitalization, currently sitting in seventh place, according to cryptocurrency ranking website CoinMarketCap.
The two aforementioned cryptocurrencies are valued at $28.9 billion and $27.5 billion, respectively.
Solana is the biggest laggard within the top 20 at press time, shedding yet another 11% over the past 24 hours.
After recovering from the devastating Saturday sell-off, the token plunged to $87.6, its lowest level since late August, earlier today.
Solana is now down 65.69% from its record high of $259.96 that was set on Nov. 6, dashing the hopes of those who pitched its native blockchain as the top Ethereum killer. Most notably, it has shed 40% since boxing legend Mike Tyson tweeted that he had gone all-in on SOL just a little over a week ago.
As reported by U.Today, Bank of America and JPMorgan gave Solana a shot in the arm with a bullish analysis. The former predicted that the Ethereum rival could end up becoming the Visa of the cryptocurrency age, shrugging off centralization concerns.
Source: U.Today
