 ▲ Solana (SOL) ©Coin Leaders |
Solana's SOL coin, a strong competitor to Ethereum (ETH), rose more than 9% over the past week and settled at the $150 level.
Solana, the 5th largest cryptocurrency by market capitalization, is trading at $151.71 as of 11:03 am on the 3rd (Korean time), up 2.81% from 24 hours ago and 9.19% from a week ago, according to CoinMarketCap.
This is a 41.23% decline from the all-time high of $260.06 achieved on November 7, 2021.
Watchguru said, “Solana is the best-performing cryptocurrency asset in 2024, excluding Bitcoin (BTC) and Ether. Now that it has surpassed $150, there is room for further growth, and it could rise to $175 or even $200. “We can have a bountiful summer,” he predicted.
“A boom in trading activity and news like the spot SOL ETF can only be good news for assets this summer,” the media added.
On the other hand, Kaiko, an on-chain analysis company, pointed out in a recent report, “Although VanEck applied for the SOL spot ETF, the impact on the market appears to have been limited.”
