Solana (SOL) has regained market dominance to 3.45% following a challenging 2022.
The token’s market cap has stabilized at $73 billion, recovering from below $10 billion.
SOL’s price has surged 33% to reach $156 after a recent low of $121.
Solana (SOL) has its market dominance climb to 3.45% after a tough 2022. Data indicates renewed interest in the crypto market is helping SOL regain its footing.
Data from Into The Cryptoverse (ITC) highlights Solana’s steady recovery following a significant bear market that led to a sharp decline in both price and market capitalization. The accompanying chart shows that SOL’s dominance peaked at nearly 4% during the 2021 bull run but fell substantially in the months that followed.
However, Solana has since regained ground, showing consistent improvements in its market share. Since mid-2023, SOL’s market capitalization has hovered around $80 billion, currently sitting at $73.47 billion. This is an impressive rebound from below $10 billion in 2022.
In terms of price, Solana’s price also experienced extreme volatility during this period. After reaching an all-time high of $260 in 2021, SOL’s value plummeted to $1…
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