Solana Soars Past $100: A Surge of 764% Ignites the Crypto Scene! Hold on tight, crypto enthusiasts!
Solana (SOL) just hit a monumental milestone, cracking the $100 ceiling and skyrocketing an
impressive 764% this year.
Since April 2022, we hadn't seen such figures, and now, SOL's dazzling dance through the $100 mark has even dethroned BNB to claim the title of the
fourth-largest cryptocurrency by market capitalization.
Just picture this: SOL's trading jaunt on Saturday swung from $93 to $104, with a market cap cozy at approximately
$43.58 billion. That's not just a one-hit-wonder but a testament to
its sustained 80% rise for the month, and an extra 38% uptick in the last two weeks alone!
We're talking tremendous trade volumes, folks! With
$3.26 billion sloshing around globally in a day, SOL's trade volume bags the fifth spot. But it’s not just about numbers—the Korean won is giving SOL some extra love, adding a 'Kimchi premium' that sees it trading over 4% higher in South Korea.
A
fter the Sam Bankman-Fried fiasco, SOL bounced from $40 to over $56 in just a week. The Solana ecosystem? It's booming with resurgence in TVL and even outrunning Ethereum in NFT sales. That's right, only second to Bitcoin!
But it's not all rainbows and sunshine. Critics like
"Defi Made Here”, wielding a decent following, voice concerns over its past ties to FTX and reliability issues.
The crystal ball is fuzzy—will Solana sustain its bullish charms or is skepticism warranted? As it stands, the hard data's giving a thumb's up for SOL’s prospects.
While it's still a leap from the $259 all-time high, today's Solana narrative is a blend of hope, caution, and real, exciting data. Sit back and watch as Solana charts its thrilling course in the crypto cosmos!
