dogwifhat

Rally

Solana

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/solana-hits-new-annual-highs-as-crypto-rally-expands/" data-wpel-link="internal">Solana Hits New Annual Highs as Crypto Rally Expands</a><br></p>
<p class="p1" style="text-align: justify">Solana became the latest altcoin to surpass new annual highs amid a broader crypto rally in the blockchain ecosystem, fueled by growing user interest in the memecoin project dogwifhat (WIF). According to CoinGecko data, Solana achieved a 13.3% gain in the last 24 hours, rapidly rising from $108 to reach its highest level of the year at $124.17.</p> 
<h2 class="p1" style="text-align: justify" id="solana-refreshes-record">Solana Refreshes Record</h2> 
<p class="p1" style="text-align: justify">Before the Solana rally, there was notable buying activity for the Solana-based memecoin dogwifhat (WIF), which saw its price increase by 55% from $0.52 to $0.82 on February 27. Launched on December 14 last year, WIF, featuring an image of a dog wearing a knitted hat by a Solana developer, has managed to attract attention as a memecoin project. Since its inception, WIF has gained more than 50,000% in value.</p> 
<p class="p1" style="text-align: justify">However, Solana is still 52% cheaper than its all-time high of $259.62 reached on November 6, 2021. Solana, along with the rise in <a href="https://en.coin-turk.com/binance-pay-expands-its-services-to-brazil/" data-wpel-link="internal">Binance</a>‘s <a href="https://en.coin-turk.com/significant-drop-in-crypto-losses-on-bnb-chain-in-2023/" data-wpel-link="internal">BNB</a> token reaching $427 and Dogecoin’s climb to $0.12, was not the only major volume crypto asset to reach new highs in 2024.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-321067 size-full" src="https://coin-turk.com/wp-content/uploads/2024/02/sol-grafik-1.webp" alt="" width="631" height="451"></p> 
<h2 class="p1" style="text-align: justify" id="interest-in-etf-funds-continues">Interest in ETF Funds Continues</h2> 
<p class="p1" style="text-align: justify">Recently approved spot <a href="https://en.coin-turk.com/bitcoins-recovery-journey-and-market-dynamics/" data-wpel-link="internal">Bitcoin</a> exchange-traded funds (ETFs) continue to see strong institutional inflows since their approval on January 11, with Bitcoin leading the market’s gains. On February 28, a record volume of $7.7 billion was seen on the ETF front.</p> 
<p class="p1" style="text-align: justify">On the same day, BlackRock’s iShares Bitcoin ETF fund saw an influx of over $612 million, marking the largest single-day entry into any ETF fund to date. Bitcoin is currently trading at $62,413, up 21% over the past week and 44% over the past month. Ethereum also reached its highest price of the year 2024 on February 28, at $3,492.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-321066 size-full" src="https://coin-turk.com/wp-content/uploads/2024/02/btc-etf-grafik.webp" alt="" width="753" height="752"></p> 
<p class="p1" style="text-align: justify">Many market experts are anticipating the upcoming Ethereum spot ETF fund as a factor for Ethereum’s growth in the coming months, and many predict that Ethereum’s price movement could follow a similar path to Bitcoin’s on the road to approval of spot ETF products.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/solana-hits-new-annual-highs-as-crypto-rally-expands/" data-wpel-link="internal">Solana Hits New Annual Highs as Crypto Rally Expands</a></h5>

Solana Hits New Annual Highs as Crypto Rally Expands

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