Subscribe to our Telegram channel

Solana reaches all-time high in growth after sudden collapse

12:41 pm, August 7, 2024

After the recent market crash, the price of Solana SOL $194.37 Solana 4.43% Market capitalization $91.66 billion VOL. 24 hours $0.84 billion has reached a new all-time high against Ethereum ETH $2,864.51 Bridged Ether (StarkGate) 7.60% Market capitalization $0.23 billion VOL. 24 hours $1.99 billion . Today, August 7, the value of SOL has risen to $ 153, while ETH is trading at $ 2,520. Both assets showed significant growth after the market correction.

According to the analytics of the TradingView platform, the SOL/ETH ratio is 0.061. This means that the price of one Solana token is 6.1% of the price of one Ether. The growth of this ratio indicates better dynamics of SOL compared to ETH.

At the beginning of the week, ETH hit a yearly low of $ 2,114, while SOL fell to $ 110.23. However, since then, Solana has risen by more than 30%, while Ethereum has only gained 9.68%.

The revaluation of the assets did not come as a surprise to some traders. Some of them believe that Solana can still overtake Ethereum in terms of market capitalization, although this has not yet happened.

Subscribe to our Telegram channel

BTC

$76,168.13

2.23%

ETH

$2,864.51

7.60%

BNB

$599.59

2.90%

XRP

$0.55

3.58%

SOL

$194.37

4.43%

All courses
Subscribe to our
Telegram channel!
The latest news and reviews of the cryptocurrency markets of the last
day right in your messenger. We are waiting for you!
GO TO
Show more