$SOL is on fire! Over 5 million daily active users in November
Solana, this blockchain platform, has recently become incredibly popular. In November, its daily active user count has consistently stood above 5 million, a number that is really tempting to look at.
Even more impressive is that the SOL token has risen over 11% in the past 24 hours, it's like riding a rocket. By 2024, Solana's user base has seen explosive growth, skyrocketing from 13.8 million active addresses per month at the beginning of the year to over 100 million in October, a speed that's faster than taking an elevator.
Why is Solana so hot? One important reason is the activities on the meme coin platform. This year, the number of meme coins on Solana has surged, with various new projects emerging one after another. Now, the market value of meme coins on Solana has exceeded $12.4 billion, and the total market value of the entire ecosystem is as high as $72.2 billion, accounting for a significant share.
The influx of these meme coins has not only increased the number of users but also made Solana's ecosystem more diverse. Whether you are a casual user or a serious investor, you can find alternative assets that suit you here.
Of course, the price of the SOL token has been skyrocketing as well. Now, its trading price has reached $184.91, with a daily increase of 10.96%. This price trend is like a straight line going up, leaving the 50-day and 200-day moving averages behind.
With this momentum, the price of SOL is likely to continue rising in the short term. If it can maintain its current price level, it is very likely to hit new highs. Behind this is the confidence of investors in Solana and optimism about its continuously expanding ecosystem.
Recently, I plan to scout for a potential coin that is ready to explode, doubling the investment should be quite simple, and I'm also looking for some potential coins to hold until the end of the year, with an expected growth space of more than 10 times, no problem. If you want to keep up, like + leave a message, and I'll share for free.
