Solana’s native token, SOL, has distinguished itself as a leading performer in the latest recovery of the cryptocurrency market. It has achieved significant gains and has overcome many leading digital currencies, and it may soon reach new highs in this cycle.
On Saturday, as per CoinMarketCap Data, SOL reached a peak of $172, marking its highest value in over a month and a 5.91% increase over the last day. Solana’s market capitalization is approximately $77.47 billion. The 24-hour trading volume for SOL is around $3.29 billion, indicating a steady rise in SOL’s value over the day.
Last week, Solana recorded a 17% uptick. It had the largest gains compared to other major cryptocurrencies in the broader market index.
Daniel Choung, co-founder of Syncracy Capital, a digital asset hedge fund, shared his positive outlook, emphasizing Solana’s strong performance. SOL could soon surpass $200 and potentially set new records.
Solana was at $260 in November 2021, reaching its all-time high. Current trends indicate that SOL is on a strong upward path, making it a promising investment for this cycle.
Also Read: Tether’s $1 Billion USDT Minting Fuels Bitcoin Surge.
