#SolanaETF
Solana soars to $200, Bitcoin reaches a historic high of $76,000!
Solana is now the fourth largest cryptocurrency by market capitalization, with its price breaking the $200 barrier for the first time, a feat not seen in seven months, and this surge closely follows Bitcoin's new record high.
According to data from Coinbase, SOL is currently trading at $200, having risen approximately 7% in the past 24 hours.
In the past week, SOL has performed remarkably among the top 20 cryptocurrencies and tokens by market cap, increasing by 18% within that week.
In comparison, Bitcoin rose 9% last week, currently priced at $76,250, having reached a new high of $76,872 on Thursday before experiencing a slight pullback. On Tuesday night, coinciding with election day, Bitcoin broke its previous record of $73,737, at a time when it seemed President Trump was likely to be re-elected.
However, SOL's price is still about 23% lower than its all-time high of $260 in November 2021.
Solana is a layer one blockchain network that can be used to issue tokens and develop decentralized applications, ranging from games to decentralized finance platforms. Its native token, SOL, is held by those who support the network and need to pay transaction fees.
SOL is surging, riding the wave of Bitcoin's new record set during Trump’s election period.
One reason Solana has been able to surpass Bitcoin and many other top cryptocurrencies is the growing belief that under Trump's administration, spot Solana exchange-traded funds (ETFs) are likely to be approved in the U.S. It is worth noting that during President Biden's term, Solana was still considered an unregistered security by the U.S. Securities and Exchange Commission (SEC).
Recently, I plan to set up a potential coin that is ready to explode, doubling my investment should be quite simple, and I am also looking for some potential coins to hold until the end of the year, expecting a space of over 10 times is not a problem. If you want to keep up, leave a message, follow, like, and share for free.
