- SOL hit a brand new all-time excessive at $263.7 and is aiming larger.
- The Solana meme coin hype can also be a motive for the cryptocurrency’s uptrend.
- The most important Solana coin, BONK, is up greater than 50% over the previous week.
Solana (SOL), the fourth largest cryptocurrency by market capitalization, hit a brand new all-time excessive of $263.70 earlier immediately, surpassing most different digital belongings since November 2023. The rise within the worth of SOL is broadly attributed to the rising demand for meme cash. on its blockchain and the rising anticipation surrounding the potential approval of a Solana spot exchange-traded fund (ETF).
Information from CoinMarketCap reveals that SOL value has surged by 11.19% within the final 24 hours and is now focusing on the $300 degree within the close to time period. If present market dynamics persist, analysts imagine that SOL might goal $500 throughout this bull cycle, which is anticipated to final till 2025.
SOL has additionally gained 25.65% over the previous week and 58.95% over the previous 30 days. Since November 2023, its value has climbed 383.36%, fueled by the rising prominence of Pump.enjoyable, one of many main meme coin mills on the Solana blockchain.
Meme Cash Gasoline Solana's Momentum
Meme cash primarily based on Solana have co…
The put up Solana Tops $260 as Meme Coin Craze and ETF Buzz Drive Momentum appeared first on Coin Version.
