🚀 Solana's native cryptocurrency $SOL has officially joined the $100 billion club, soaring to nearly a three-year high of $212! This surge follows a broader crypto rally sparked by Bitcoin's record-breaking prices after Donald Trump's election victory and a Federal Reserve rate cut.
In just a week, $SOL has gained 34%, outpacing Bitcoin's 18% rise and the CoinDesk 20 Index's 27% increase. With its market cap now surpassing $100 billion, $SOL joins Bitcoin, Ethereum, and Tether as the only cryptocurrencies in this elite group.
Despite challenges following the collapse of FTX in 2022, Solana has emerged as a top choice for retail crypto users, benefiting from a resurgence in decentralized finance (DeFi) and the memecoin craze. Over the past year, SOL has appreciated 275%, making it a standout performer in a Bitcoin-dominated market.
Analysts suggest that Solana's breakout from an eight-month consolidation indicates the crypto bull market may have entered its most explosive phase. With predictions of SOL reaching its all-time high of $260 soon, excitement is building for its potential future rise!
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