š„ Solana DEX Volume Hits Record High! Is $300 Next for SOL? š
Solana is making waves, breaking records left and right! Letās dive into whatās going on:
š° DEX Volume Explosion: November has been huge for Solana! DEX volumes surpassed $100B, nearly double Ethereumās $55B.
š¹ Daily trading hit an all-time high of $7.14B on Nov. 18.
š¹ Weekly volume? A whopping $41.6B by Nov. 17!
š SOL Price on Fire: Between Nov. 5 and Nov. 22, SOL surged 61.5%, hitting a new ATH at $263. Analysts are now eyeing $300 as the next target!
š Memecoin Frenzy Returns: Platforms like Pump.fun and Raydium are dominating with:
š¹ $250M+ in fees generated this month.
š¹ A user-friendly ecosystem thatās driving crazy levels of activity.
š Network Activity at All-Time High:
š¹ 25M active addressesāa record!
š¹ Solana is now the dominant chain in terms of DEX volume, surpassing Ethereum by a huge margin.
š® Whatās Next for SOL?
š¹ Technically, SOLās charts point to further upsideā$300 could be just around the corner.
š¹ RSI is at 70, suggesting slight overbought conditions, but the momentum is strong.
š Your Guess: Is SOL headed for $300, or are we due for a pullback? Letās discuss!