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After a 17,500% rally in 2021, does the 'Ethereum Killer' have more steam left?
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Ethereum has sparked a rally in its biggest competitor, Solana, which has delivered a spectacular rally in the current calendar year. Often referred to as the Ethereum Killer by many analysts and experts, Solana has surged more than 17,500 per cent in 2021, making it the fourth largest cryptocurrency by market capitalisation. Thanks to its secular rally, Solana can brag about having a market cap of close to $75 billion, racing past the largest stablecoin Tether, whose market cap is a little above $72.5 billion. Solana has risen to highs of $258 from merely $1.5 levels at the beginning of the year. The digital token would have turned an investment of Rs 1,000 into Rs 1.75 lakh in a little more than 10 months.
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