【Solana Rises Nearly 9% After Breaking the $200 Mark】
Solana has broken the $200 mark for the first time, reaching a new seven-month high, with the post-election surge in the U.S. crypto market pushing SOL's increase to 8.69%. According to data from crypto.news, SOL is currently priced at $203.88, up 8.69% in the last 24 hours, with a cumulative increase of 22.25% over the past seven days and a rise of 370% over the past year. Currently, SOL has a market capitalization of $95.8 billion, ranking fourth.
Despite being 23% away from its 2021 high of $260, SOL has clearly benefited from the bullish sentiment in the market triggered by Trump's victory. On election day, the sentiment in the crypto market turned optimistic, with the global crypto market cap rising 5% to $2.56 trillion and trading volume increasing to $236 billion. Bitcoin reached a new high of $76,278, while Ethereum rose by 6.3%, nearing $3,000.
Trump supports the crypto industry and has promised to establish a Bitcoin reserve and fire SEC Chairman Gary Gensler after his election, along with 266 crypto-supportive candidates elected to the House of Representatives.
