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

Bitget App

Trade smarter

Cryptodnes2024/11/08 18:22

By:Cryptodnes

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.

[reaedmore id=”141677″]

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.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

Wall Street financing costs are rising, highlighting signs of liquidity tightening. Although the Federal Reserve will stop quantitative tightening in December, institutions believe this is not enough and are calling on the Fed to resume bond purchases or increase short-term lending to ease the pressure.

Jin10•2025/11/13 14:07