The post Solana breaks through the $200 barrier after rising nearly 9% appeared on BitcoinEthereumNews.com.

Solana has broken through the $200 threshold for the first time in seven months of trading. The token’s price saw a 8.69% rise as the crypto market rallies after the US election. According to data from crypto.news, Solana(SOL) is currently trading hands at $203.88. In the past 24-hours of trading, the token has gone up by 8.69%. In the last seven days, Solana has been on a green streak, going up by 22.25%. Over the past year, the SOL price seen a 370% change. At the time of writing, Solana hold the fourth position in crypto.news rankings by market cap. Solana currently has a market cap of of $95.8 billion. SOL’s token supply stands at $471 million. Solana is still 23% away from its all-time high price of $260 which occurred in November 2021, but it seems to be riding the wave of the bullish crypto market amidst Trump’s presidential win. SOL price chart in 24-hours of trading | Source: crypto.news On the day of the US election, the crypto market saw a surge of bullish sentiment after Donald Trump’s electoral win, as well as a group of elected pro-crypto candidates into the House of Representatives. As previously reported by crypto.news, on election day the global crypto market capitalization saw a 5% rise over the past 24 hours, reaching $2.56 trillion. The daily trading volume almost doubled and is currently hovering at $236 billion. Bitcoin(BTC) reached an all-time high of $75,011 while Ethereum(ETH) rose by 6.3% and was trading at $2,590. At the time of writing, ETH’s price is already nearing $3,000 after rising by 3.59% in the past 24 hours according to crypto.news data. Meanwhile, Bitcoin is still on its bullish era, trading hands at a record-breaking $76,278. According to data from Stand With Crypto, there are an estimated…

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Filed under: News - @ November 8, 2024 2:28 pm