CandleFocus Solana breaks through the $200 barrier after rising nearly 9%
2024-11-08
Author: Content Editor
Solana (SOL) has surpassed the $200 level for the first time in seven months, experiencing an 8.69% increase as the overall crypto market rallies following the US election. In the past week, Solana has seen a positive streak, rising by 22.25%. Over the past year, SOL's price has changed by 370%. Currently ranked fourth by market cap, Solana's market cap stands at $95.8 billion. Although it is still 23% below its all-time high of $260 in November 2021, Solana seems to be benefiting from the bullish market sentiment amid Trump's electoral victory. Additionally, the crypto market saw a 5% increase in global market capitalization on election day, reaching $2.56 trillion, and Bitcoin (BTC) reached a record high of $76,278. There are approximately 266 pro-crypto candidates who were elected into the US House of Representatives following Trump's win, indicating growing support for the crypto industry.
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