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Solana breaks through $ 200 mark

11:16 am, March 18, 2024

On Monday, March 18, the Solana cryptocurrency SOL $196.52 Solana 4.10% Market capitalization $92.67 billion VOL. 24 hours $0.83 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.

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BTC

$75,877.97

-0.04%

ETH

$2,897.52

7.66%

BNB

$600.99

1.72%

XRP

$0.55

2.25%

SOL

$196.52

4.10%

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