Solana breaks through $ 200 mark

On Monday, March 18, the Solana cryptocurrency SOL $198.27 Solana 0.83% Market capitalization $95.08 billion VOL. 24 hours $0.39 billion soared by almost 10% and exceeded the $ 200 mark. According to cryptocurrency analyst Colin Wu, at the moment when the Solana (SOL) cryptocurrency rate reached a new record high, the popularity of the Solana query on Google Trends reached 100. This is a record high in the 5-year history of the crypto asset.

According to the analytical tracker CoinMarketCap, at the time of writing, the virtual coin of Anatoly Yakovenko’s blockchain is trading for $ 201.56 with a market capitalization of $ 2.6 billion. Traders made daily trading deals worth $ 149.7 million.

Matrixport researchers also noted the growth of Solana’s leading indicators. They emphasized that the value of the digital currency has increased by 807% over the past 12 months, and last month it jumped by 85%. Analysts said that 66% of the gains were recorded during Asian trading hours.

A few days ago, former Goldman Sachs executive Raul Pal suggested that Solana’s target price would range from $ 700 to $ 1,000. The investor expressed the opinion that the high performance of the blockchain will increase the demand for SOL.

It is worth noting that in early November 2021, SOL reached a peak of $ 260, and the coin still has plenty of room for growth.