Solana (SOL) price exceeded $200 for the first time in three years
The hype around memecoins continues to push the price of Solana and all other indicators of the ecosystem to new highs
Over the past month, the value of one of the largest cryptocurrencies by capitalization, Solana, has grown by more than 80%. The day before, the SOL rate rose above $200, which was the highest since November 2021. All other indicators of the ecosystem are also breaking records.
According to CoinGecko, at the time of writing, SOL is trading at $200.58. Over the past day, the price of the asset increased by 8%, and the peak value was $204.68.
The last time Solana reached such heights was during the last bull market three years ago. After that, the value of the asset fell below $10
The current SOL rate is only 22% below the absolute maximum (ATH) recorded on November 6, 2021.
The capitalization of the native coin of the Solana ecosystem is currently $89 billion.
