Solana surpasses PayPal market cap, hits $180 as crypto rallies continue
Solana surpasses PayPal market cap, hits $180 as crypto rallies continue
Solana (SOL) is making headlines as it positions itself among the top financial assets. The fifth-largest cryptocurrency achieved a milestone by surpassing PayPal’s market capitalization. This shift comes on the heel of a steady 11% price increase over the past weekend, which took SOL’s price to the $180 level and elevated its market cap to $83.56 billion.
This development places Solana, the fifth-largest cryptocurrency, just ahead of PayPal, now valued at approximately $83.52 billion, according to Yahoo Finance.
While this is impressive, the comparison between Solana and PayPal needs a perspective: although both are calculated by multiplying the price by supply, the assets differ fundamentally in their market structures and liquidity.
Solana’s valuation, driven by a volatile and high-growth crypto market, contrasts with PayPal’s more stable yet mature standing in traditional finance. Nevertheless, overtaking an established financial player like PayPal is no small feat and signals growing institutional and retail confidence in Solana’s ecosystem.
Price analysis and what is next for Solana
Solana’s price trajectory has been equally compelling. From an October low of $133, SOL has surged by over 35%, reaching a key psychological level of $180 in today’s European trading session. Monday’s 2% gain added to the weekend’s rally, and today, the growing altcoin is inching for its fourth consecutive day of upward momentum.
The rally past key price levels like $160 and $180 sets the stage for Solana to test even higher resistance zones. As it currently stands, the strong support at $160—along with the breakthrough of the $180 psychological threshold—signals potential for continued upward momentum. Looking ahead, $200 may be a natural milestone if the current rally persists, with sustained buying pressure possibly driving prices to test this level in the near term.
We previously reported that Solana showed resilience over the weekend, bouncing off the $160 support level, a critical price level that has now moved from resistance to a solid support zone.
See also: Arthur Hayes predicts China’s QE will fuel Bitcoin’s growth
