@Solona coin
As of November 2024, Solana (SOL) has made a notable recovery after the turmoil following the collapse of FTX in late 2022. While the price of Solana took a substantial hit during the FTX debacle due to its close association with Sam Bankman-Fried and his companies, the Solana blockchain has demonstrated resilience and continued development. Here’s an overview of Solana’s current status:
Price and Market Performance
Solana (SOL) has seen a recovery in price throughout 2024, although it has not fully regained its all-time highs reached in 2021. The token’s price has fluctuated but generally showed an upward trend in recent months, fueled by renewed interest in blockchain technology and Solana’s continued development.
As of late 2024, SOL is priced significantly lower than its peak in late 2021, when it reached over $250 per token. However, it's still considered one of the major altcoins, ranking within the top 10 by market capitalization.
