- SOL worth exceeded $200 for the primary time since December 2021.
- The acquire got here as Google Tendencies searches for “Solana” hit a five-year excessive of 100.
- Solana worth may goal its all-time excessive above $260 within the coming weeks.
Solana (SOL) traded above $200 for the primary time since December 2021, hitting a excessive of $205 on Monday morning. The value of SOL has elevated by double digits within the final 24 hours, with a present worth of $202, up 12%. In a single week, the altcoin has risen by 39% and within the final month by 85%.
The value of Solana rose as searches on Google Tendencies reached an all-time excessive
When the value of SOL rose to $200, the token’s recognition information confirmed that searches for the time period “Solana” elevated considerably in latest weeks. Google Tendencies information exhibits that this cryptocurrency has seen a peak recognition degree of 100, surpassing an curiosity degree of 84 recorded in September 2021.
At the moment, SOL broke near $200 for the primary time earlier than reaching its all-time excessive above $260 in November 2021.
With a market capitalization of over $89 billion, Solana has overtaken BNB because the fourth largest cryptocurrency. The flip is an indicator of Solana’s latest rally, though BNB additionally jumped to $630 after rising greater than 70% within the final 30 days.
Solana blockchain’s exploding meme coin ecosystem is one issue, as is total traction within the DeFi area.
BTC, ETH in search of upward momentum
The positive factors for SOL got here because the cryptocurrency market noticed a slight uptick in motion after final week’s decline. As Bitcoin swung decrease from highs of $73,000 to under $66,000, main altcoin Ethereum (ETH) misplaced traction close to $4,000 and fell under $3,500.
In the meanwhile, the value of BTC is again above $68,000 as traders watch for one more main occasion by way of the upcoming Bitcoin halving. ETH is prone to goal a brand new all-time excessive above $4,800 within the coming months and SOL may make a brand new ATH.
