SOL started a rapid rise this morning and has reached $238 at the time of writing. It has risen by 11% in the past 24 hours and only has 9% room to rise from its historical high.
Driven by the meme coin craze, the old public chain Solana is undoubtedly one of the most watched L1 blockchains in this bull market, and the price of SOL has continued to rise this year. Just at 8:00 this morning, SOL started again, and at the time of writing, it has reached $238, with a nearly 24-hour increase of 11%. It is only about 9% away from its historical high of $259 in the 2021 bull market.
SOL trend. Source: OKX
Ethereum appears slightly weak
It is worth noting that Ethereum, which has been performing poorly in this round of the bull market, failed to continue its upward breakthrough after reaching $3,444 on November 12, and has since fallen back to $3,116, with a decrease of 2.2% in the past week.
ETH trend. Source: OKX
Additionally, according to Trading View data, the current exchange rate of Ethereum to Bitcoin has dropped to 0.03432, showing a declining trend over the past year, with a decrease of 15.77% in the past week; meanwhile, the exchange rate of SOL to Bitcoin has increased by 38% in the past month.
