The native token of the Solana network has surpassed the previous all-time high of $210 reached in September.
SOL Posts Phenomenal YTD Gains
The SOL token hit a new all-time high of $247 over the past day. Solana rise saw its market capitalization surpassing $70 billion for the first time ever, as per CoinMarketCap’s data. The token is on a tear in Up-Only season,
The token also flipped Cardano (ADA) on the top 10 cryptocurrencies by market capitalization once it hit an all-time high, as per data from CoinGecko. SOL has posted an impressive performance in the past year, the token has posted 15,177.4% gains over the past year.
“The FA+ TA is setting up for an explosive price discovery opportunity to trade and one that can be fueled by NFT’s and projects launching on SOL. It’s ready imo and a no-brainer. Imo the most bullish asset in the space right now. Make the switch before the crowd,” predicted Twitter user @Pentosh1 in a thread back in August this year.
SOL is not the only token that’s set new records on Nov. 3. The token was a part of an altcoin rally that was led by Ethereum (ETH). The second most prominent cryptocurrency made a new record yesterday when it hit an all-time high of $4,638.45.
Even Polkadot, the network founded by Ethereum co-founder Gavin Wood, saw its native token DOT smash its previous all-time high to hit a high of $53.46 on Nov. 3, as per data from CoinMarketCap.
About Solana Labs
Solana Labs is the technology company behind the creation and maintenance of one of the fastest-growing blockchain networks in the crypto-verse, Solana. The SOL token has grown extremely quickly risen to become one of the top 10 cryptocurrencies by market capitalization, with a market cap of $67.9 billion as per data by CoinMarketCap.
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Source : solana.news