🚨 Solana rockets 13% to new yearly high, led by WIF memecoin frenzy🚨
📶The price of Solana’s SOL surged to reach a new 2024 high, while traders are doubling down on the Solana-based memecoin Dogwifhat.
🪙Solana’s (SOL) tickers down $133 has become the latest altcoin to hit new yearly highs amid a wider crypto rally, with activity on the blockchain spurred by a scramble to buy up the Dogwifhat (WIF) memecoin.
🔴 In the last 24 hours, SOL has posted a 13.3% gain, rising rapidly from $108 to reach a new yearly high of $124.17 at the time of publication, per CoinGecko data.
SOL, however, still remains down 52% from its all-time high of $259.62, which it reached on Nov. 6, 2021.
🔥Solana wasn’t the only large-cap cryptocurrency to reach new highs for 2024, with both Binance’s (BNB) $418 and Dogecoin (DOGE) $0.13 notching respective highs of $427 and $0.12 roughly two hours before Solana.Bitcoin (BTC) tickers down
$62,895 has been leading the market’s gains as institutional inflows into the recently approved spot Bitcoin exchange-traded funds (ETFs) continue to strengthen following their approval on Jan. 11.
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