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Solana Hits $240 for the First Time in Three Years

Twitter icon  •  Published 14 hours ago  •  Hassan Maishera

Solana surged to the $247 mark on Monday, hitting that level for the first time in three years and could rally to a new all-time high soon.

TL;DR

  • SOL rallied above the $240 mark for the first time in three years.

  • Bitcoin continues to trade above $91k.

SOL Tops $240

SOL, Solana’s native coin, has been one of the best performers over the last seven days. The coin is down 1% in the last 24 hours but still hit the $240 mark for the first time in three years.

On Monday, SOL rallied to $247.71, its highest level since 2021. However, it has now retraced to the $241 level but could surge higher in the near term. Currently, SOL is 7.5% away from the all-time high of $260 it set in November 2021. 

With a market cap of $114 billion, Solana is now the fourth-largest cryptocurrency by market cap. 

With Solana hitting a three-year high, Bitcoin continues to trade above $90k. The wiorld’s leading crypticurrency by market cap added 1% to its value in the last 24 hours and now trades at $91,539 per coin. 

Dogecoin is the best performer amongst the top 10 cryptocurrencies by market cap so far this week. It added 4% to its value and now trades at $0.3886 per coin. Thanks to the recent positive performances, the total cryptocurrency market cap now stands at $3.08 trillion.

 

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.