Those who predicted that Solana’s native cryptocurrency will reach almost 50 dollars were not mistaken. Indeed, yesterday, November 10, the SOL performed again to display a 20% increase and a trading price of $54. Crypto traders holding SOL must be over the moon. Zoom !
SOL achieves a new record
Of all the existing cryptocurrencies, Solana SOL is the most efficient after the awakening of bitcoin (BTC) on October 24. Comparing data from the beginning of 2023 and those from the beginning of November, analysts have predicted an increase of 250% for the 7e most important crypto in terms of market capitalization.
Anatoly Yakovenko, co-founder of Ethereum, could not help but praise the progress of his rival Solana after observing its performance.
“ Solana has now exceeded the 54$ for the first time since May 2022. SOL discussion rates have climbed again, indicating that the general public recognizes the asset’s decoupling from other assets. Funding rates are high, but not yet in a “danger zone “.
According to CryptoPolitan, the SOL has just reached a new peak this year. Because on the day of November 10, the native crypto of the Solana network recorded a gain of 22%. Thus, it was able to cross the mark of 54 dollars on the same day, more precisely $54.84.
But taking a look at CoinGeckothe crypto SOL continued its rise to the point of reaching the 57.12 dollars in the morning. At the time of writing, it was trading at $55.38.
As a reminder, the SOL only appreciated in this way in May 2022.
Why this bull run in Solana’s crypto?
FTX, to which Gary Gensler (United States Securities and Exchange Commission) thought he was giving a second chance, has something to do with it. As this cryptocurrency exchange holds a large number of SOL, and the Delaware bankruptcy court gave it the green light to sell eponymous tokens,
Receive a summary of the news in the world of cryptocurrencies by subscribing to our new service daily and weekly so you don’t miss anything of the Tremplin.io essentials!
