Solana Crosses the $200 Level, Reaching a 7-Month High

Cryptodnes2024/11/08 18:22

By:Cryptodnes

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Following Bitcoin's remarkable performance, most altcoins are riding the bullish wave and surging to new all-time highs (ATH).

One of the most remarkable surges can be seen in Solana ( SOL ), the 4th largest cryptocurrency by market cap.

After Donald Trump secured his presidency , Bitcoin reached a new all-time high above $76,000, and most altcoins followed suit.

But among them there is one altcoin that has shown significant resilience in the past couple of months, while most cryptocurrencies experienced corrections, and that is Solana.

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SOL just broke the $200 barrier, a level last seen in April, marking a 7-month high. Solana is closing in on its previous ATH of around $260.

However, at the time of writing, altcoin is trading at $198.9, reflecting a 6.6% gain for the day and 20% for the week and has a market cap of $94 billion.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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