2024

Solana

Bitcoin

Billion

Solana’s native token, SOL, has distinguished itself as a leading performer in the latest recovery of the cryptocurrency market. It has achieved significant gains and has overcome many leading digital currencies, and it may soon reach new highs in this cycle. On Saturday, as per <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="noopener">CoinMarketCap Data</a>, SOL reached a peak of $172, marking its highest value in over a month and a 5.91% increase over the last day. Solana’s market capitalization is approximately $77.47 billion. The 24-hour trading volume for SOL is around $3.29 billion, indicating a steady rise in SOL’s value over the day. <img fetchpriority="high" decoding="async" width="602" height="248" src="https://lh7-us.googleusercontent.com/UPHO0hvQNCdbp6Peg4ZQBTRv3UdR0FuE8RwhG47aA_kRDvdsR_CBF3c6j9KV1_iukxM1PEokFHCwcoyx3jO7NtGAyGMhXme_5RP98NzCMypPiUKUQMxrIceFS1reGfQ0gXvRvBDFThSrfmgLock70zU" alt=""> SOL, price Chart, Source: CoinMarketCap 
Last week, Solana recorded a 17% uptick. It had the largest gains compared to other major cryptocurrencies in the broader market index. Daniel Choung, co-founder of Syncracy Capital, a digital asset hedge fund, shared his positive outlook, emphasizing Solana’s strong performance. SOL could soon surpass $200 and potentially set new records. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Strength on <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$SOL</a> has been incredible on this bounce – very clear this is still the best trade of this cycle. Much more confident here on ability for SOL to reclaim $200. Frankendancer on the horizon, which paves the way to Firedancer upgrade. ATHs soon. <a href="https://t.co/BTKe6uDgpB" target="_blank">https://t.co/BTKe6uDgpB</a>— Daniel Cheung (@HighCoinviction) <a href="https://twitter.com/HighCoinviction/status/1791385937315811681?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 17, 2024</a>
 </blockquote> 
 </div>
</figure> 
Solana was at $260 in November 2021, reaching its all-time high. Current trends indicate that SOL is on a strong upward path, making it a promising investment for this cycle. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also read:<a href="https://www.cryptotimes.io/2024/05/18/tethers-1-billion-usdt-minting-fuels-bitcoin-surge/"> Tether’s $1 Billion USDT Minting Fuels Bitcoin Surge</a>. 
</blockquote>

Solana Surges and Hits $172, Next Target $200?

The Crypto Times

Other articles published on May 18, 2024

LecksMoney Reviews the Newest Meme Coin AI Trading Bot Presale

Don't Miss Out: Last Chance to Buy These Altcoins Before They Rebound

The Fastest Altcoins of the Cryptocurrency World Has Been Determined: Here is the Ranking

Whales Dump Ethereum Holding: Could It Shatter Bullish Sentiment?

Here are Bitcoin’s new levels to watch as bulls prepare to break resistance

Top Crypto to Invest in Right Now May 18 – Optimism, Jupiter, Ronin

Join our free newsletter for daily crypto updates!