CandleFocus Solana Price Hits 3-Year High—Up 2,500% Since Post-FTX Low
2024-11-11
Author: Content Editor
Solana (SOL) has experienced significant price growth, reaching as high as $214 and currently sitting at around $210. It has seen a 5% increase in the day and a 29% increase over the last seven days, with a 44% increase over the past 30 days. This is the highest price Solana has reached since December 2021. After experiencing a decline in early 2022 and again in late spring, Solana faced further challenges with the collapse of crypto exchange FTX in November 2022. Solana hit a low of $8.30 before making a recovery and started climbing in the last quarter of 2023. It is now 20% away from its all-time high and has risen nearly 2,500% from its previous low point. The recent price surge is partly attributed to the overall positive sentiment in the cryptocurrency market following Donald Trump's reelection as president, with hopes of a Solana ETF approval and resolution of regulatory concerns.
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