Solana price prediction as SOL market cap hits all-time high
Despite being somewhat overshadowed by Bitcoin (BTC) and meme coins on its own blockchain during the 2024 cryptocurrency bull market, Solana (SOL) has been one of the strongest performers among the major digital assets. Specifically, the native token has risen 291.61% in the last 12 months and 140.71% year-to-date (YTD). Though SOL, with its press time price of $243.92, is still shy of its 2021 all-time high (ATH) at about $260, Solana reached a record-breaking market capitalization above $117 billion on Monday, November 18. SOL 12-month price and all-time market cap charts. Source: Finbold & CoinMarketCap Beyond the price charts, the token also reached other important milestones. For example, on November 13, its Real Economic Value – a fundamental Analysis metric that provides insights into a blockchain’s use and demand – overtook that of the world’s second-biggest cryptocurrency, Ethereum (ETH). ...