Cryptocurrency

Solana

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 <p class="paragraph">Following a great <a rel="noopener noreferrer nofollow" title="month" href="https://thebittimes.com/tag/month.html">month</a> of October, which saw Solana’s (SOL) <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> cap skyrocket over 62%, adding <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a>s to its total worth, the asset has once again recaptured the attention of cryptocurrency investors.</p>
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 <p class="paragraph">In fact, in the last 30 days, SOL climbed from $9.88 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a> on October 2 to over $16.4 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a> on November 1, adding over&nbsp; $6 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a> to its value, as per the latest information taken by Finbold from <em>CoinMarketCap</em> at the start of November.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="677" src="https://cdn.thebittimes.com/images/2023/11/01/582a220ff4d8feffd2e63005603d45c8.webp" alt="Solana’s market cap  increase in October  Source: CoinMarketCap
" class="wp-image-134956" srcset="https://cdn.thebittimes.com/images/2023/11/01/582a220ff4d8feffd2e63005603d45c8.webp 1024w, https://cdn.thebittimes.com/images/2023/11/01/582a220ff4d8feffd2e63005603d45c8.webp 300w, https://cdn.thebittimes.com/images/2023/11/01/582a220ff4d8feffd2e63005603d45c8.webp 768w, https://cdn.thebittimes.com/images/2023/11/01/582a220ff4d8feffd2e63005603d45c8.webp 1428w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Solana’s market cap increase in October Source: CoinMarketCap
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 <p class="paragraph">These results have made up 2% of all discussions regarding the top 100 crypto assets of this highly-performing currency.</p>
 <p class="paragraph">“Solana, which has now returned to the #7 spot on market cap rankings, has now seen its value rise +62% in a great month of October. Notably, nearly 2% of all discussions related to top 100 assets are related to SOL, &amp; rising volume would be bullish,” according to the information published on crypto analytics platform <em>Santiment</em> in an X post on November 1.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="599" src="https://cdn.thebittimes.com/images/2023/11/01/4f6328c49b759223f121538ae3c66854.webp" alt="Solana’s market value rise. Source: Santiment" class="wp-image-134959" srcset="https://cdn.thebittimes.com/images/2023/11/01/4f6328c49b759223f121538ae3c66854.webp 1024w, https://cdn.thebittimes.com/images/2023/11/01/4f6328c49b759223f121538ae3c66854.webp 300w, https://cdn.thebittimes.com/images/2023/11/01/4f6328c49b759223f121538ae3c66854.webp 768w, https://cdn.thebittimes.com/images/2023/11/01/4f6328c49b759223f121538ae3c66854.webp 1536w, https://cdn.thebittimes.com/images/2023/11/01/4f6328c49b759223f121538ae3c66854.webp 1689w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Solana’s market value rise Source: Santiment
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 <p class="paragraph">With the rise of the trading volume and <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> cap, investors are taking note, which can be seen through rising interest levels and optimism.</p>
 <h2 class="wp-block-heading" id="h-can-solana-reach-50-price-value">Can Solana reach $50 price value?</h2>
 <p class="paragraph">Solana is currently trading at $39.45 at the time of press. The increase of 7.49% in the last 24 hours aims to continue on an already impressive trend of 24.64% in 7 days.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/11/01/c8a8506e516f076f7159751f6fcadbbe.webp" alt="SOL 7-day price chart Source: Finbold
" class="wp-image-134965" srcset="https://cdn.thebittimes.com/images/2023/11/01/c8a8506e516f076f7159751f6fcadbbe.webp 1024w, https://cdn.thebittimes.com/images/2023/11/01/c8a8506e516f076f7159751f6fcadbbe.webp 300w, https://cdn.thebittimes.com/images/2023/11/01/c8a8506e516f076f7159751f6fcadbbe.webp 768w, https://cdn.thebittimes.com/images/2023/11/01/c8a8506e516f076f7159751f6fcadbbe.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   SOL 7-day price chart Source: Finbold
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 <p class="paragraph">With the indicators that are all looking positive and the $40 price valuation in the books, a new milestone arises, a one of $50 value.</p>
 <p class="paragraph">Considering that SOL’s value has almost doubled in the previous <a rel="noopener noreferrer nofollow" title="month" href="https://thebittimes.com/tag/month.html">month</a>, this new milestone doesn’t seem far-fetched and unobtainable, and we may see this crypto asset reaching it sooner rather than later.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><strong><em> </em></strong><em>The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/solana-adds-6-billion-to-its-market-cap-in-a-month-as-it-targets-50-tbt68646.html">https://thebittimes.com/solana-adds-6-billion-to-its-market-cap-in-a-month-as-it-targets-50-tbt68646.html</a></p>

Solana adds $6 billion to its market cap in a month as it targets $50

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