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Solana battles Cardano for the top-five spot as SOL market cap crosses $70B-mark
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Solana's (SOL) autumn rally continued on Nov. 3 with its price and market cap hitting a new record high.
SOL surged by 7% in the past 24 hours to $236, pushing its market capitalization to over $70 billion for the first time in history. As the token wobbled near its record high levels, it flipped Cardano (ADA) briefly to become the world's fifth-most valuable crypto asset.
Currently, SOL's market cap was around $69.37 billion, just $500 shy of ADA's $69.87 billion market valuation.
Solana battling for the top-five cryptocurrency spot came on the heels of SOL's renewed upside strength heading into the fourth and the final quarter of 2021. For instance, the Solana blockchain's native token grew by over 65% since Oct. 1. On the other hand, ADA's
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