Solana Yearly High on the Cards After 27% July Gain and SOL Price ‘Double Bottom’

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SOL is making headlines as the Solana Yearly High approaches its yearly high after a remarkable 27% gain in July. The cryptocurrency, which is currently trading around $185, is poised to challenge its yearly high of approximately $210 in the coming weeks. This surge has been attributed to a combination of factors, including the network’s robust liquid staking ecosystem and the overall euphoria surrounding memecoins. Let’s delve into the developments that have propelled Solana to this position and examine the key drivers behind its success.

Solana Yearly High Looms After 27% July Gain and SOL Price 'Double Bottom'

SOL is making headlines as the Solana Yearly High approaches its yearly high after a remarkable 27% gain in July. The cryptocurrency, which is currently trading around $185, is poised to challenge its yearly high of approximately $210 in the coming weeks. This surge has been attributed to a combination of factors, including the network’s robust liquid staking ecosystem and the overall euphoria surrounding memecoins. Let’s delve into the developments that have propelled Solana to this position and examine the key drivers behind its success.

Liquid Staking Tokens Lead Solana DeFi

One of the significant factors contributing to Solana’s impressive performance is the rise in staking benefits.

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