After three long years, Solana has officially surpassed its all-time high price, setting a new milestone above $260 last Thursday.
This morning, Solana conquered a record price of $260, according to data from TradingView, continuing its strong growth momentum after Donald Trump’s election victory earlier this month.
SOL 1-day price chart | Source: TradingView
This increase also comes right after the news that Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), who has led the inspections of the crypto industry, will resign on January 20, 2025, when Donald Trump takes office.
SOL increased by 11% in a day, 23% in the past week, and 55% in the past month. To better understand Solana's remarkable growth, the token's increase over the past year has reached 386%, more than four times its value during that period.
Solana first reached its all-time high price in 2021, attracting significant attention as a fast and cheaper competitor to Ethereum. However, this excitement gradually faded in the following year as the crypto market fell into recession and faced technical issues, including network downtime.
Finally, SOL dropped to nearly $8 at the end of 2022 after the collapse of the FTX exchange, due to the close ties between Solana and this company along with the infamous founder Sam Bankman-Fried.
After surviving a near-fatal blow in 2022, Solana is benefiting from multiple catalysts, including vibrant memecoin trading activity and a surge in decentralized finance (DeFi) activity on the network, as well as increasing institutional interest.
Meanwhile, developers continue to build on this platform, striving to improve stability, and Solana Labs is also expanding into the mobile hardware and applications sector.
Not only Solana, Bitcoin has also just set a new all-time high price, surpassing nearly $74,000 on election day and continuing to maintain strong momentum, exceeding $99,300 for the first time on Thursday morning.
Source: https://tapchibitcoin.io/solana-vuot-260-de-dat-muc-gia-cao-nhat-moi-thoi-dai-moi.html
