On November 22, 2024, Solana (SOL) set an all-time high of $264.39. This pushes the market capitalization above $125 billion.
The rapid amplication in the price of Solana is fairly broadly credited to anticipation surrounding the approval for some ETFs for sore Solana and the brief upswing resulting from long-term holders or “hodlers.” Following all of this, predictions for its price stay as wide open-running from $500 to $1,000 by early 2025 as confidence is still building in the asset among traders.
This milestone demonstrates the burgeoning interest in Solana as one of the top blockchain platforms, further cementing its chances of succeeding among its competitors. As the action continues, the community already feels optimistic that Solana will continue expanding and evolving within the future digital economy.
