The Solana ecosystem is experiencing a remarkable surge, with the potential to reach a new all-time high (ATH) soon.
The recent price movement from $126 to $185 in just one month has captured significant attention in the crypto community.
The Solana ecosystem is on 🔥🔥! With the way things are moving, a new ATH is on the horizon! 🌅
The price movement from $126 to $185 in just one month is really incredible. 👌
No need to panic, just hold on tight! I'm confident $SOL will reach $300 in the coming weeks! #NAFA… pic.twitter.com/4UqRuxoDlS
— Lucky (@LLuciano_BTC) July 22, 2024
Today, Solana ($SOL) saw a notable 5% increase, reaching $185. This upward trend appears to be influenced by Grayscale’s launch of a SOL Trust, which has generated increased investor interest and confidence in the token.
Grayscale Solana Trust $GSOL is currently open to accredited investors looking to gain exposure to #Solana at NAV.
Click below to learn more or speak directly to a team member: https://t.co/VL2TgEYWr8 pic.twitter.com/gHut11h6iF
— Grayscale (@Grayscale) July 15, 2024
Meme Tokens Under Solana Continues Enjoying Notable Price IncreaseÂ
As $SOL continues to rise, MEME tokens within the Solana ecosystem are also enjoying substantial gains. Additionally, Solana now boasts a higher combined 24-hour decentralized exchange (DEX) volume than both Ethereum and Binance Smart Chain (BSC), highlighting its growing dominance in the market.
🚨 BREAKING: @solana surpasses the combined 24-hour DEX volume of Ethereum and Binance Smart Chain (BSC)
Market Dominance: 36% pic.twitter.com/VjFzWX3XEO
— SolanaFloor (@SolanaFloor) July 22, 2024
Currently, Solana’s market dominance stands at an impressive 36%.
🚨JUST IN: #Solana @solana exceeds #Ethereum in #NFT trading volume over a 24-hour period. pic.twitter.com/mJ0vV32trA
— CoinEcho (@mycoinecho) July 22, 2024
Furthermore, the $SOL perpetual futures ($SOL-PERPS) trading volume on @JupiterExchange has exceeded $650 million in the last 24 hours, showcasing the significant trading activity and interest in the token.
🚨 LATEST: $SOL-PERPS volume on @JupiterExchange has surpassed $650 million in the last 24 hours. pic.twitter.com/XUCKDKOBMD
— SolanaFloor (@SolanaFloor) July 22, 2024
With these developments, Solana’s journey to $200 seems more achievable than ever, positioning it as a major player in the cryptocurrency market.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!
Image Source: alexandarilich/123RF // Image Effects by Colorcinch