Solana defies overall market trend to hit new all-time high market cap

Solana defies overall market trend to hit new all-time high market cap
фото показано с : cryptoslate.com

2024-3-16 21:33

Solana (SOL) broke new ground on March 15 after an 11% rally brought its market capitalization to a new all-time high of $82.5 billion at a price of $186.77 per token despite the overall downtrend, which saw the market contract by 4%.

This achievement surpasses its prior peak market cap of approximately $77.9 billion — observed in November 2021 at its all-time high of $259.96 — signaling strong investor confidence and a growing interest in the digital asset.

SOL was trading at $181.35 as of press time — up 9.29% over the past 24 hours, with a market cap hovering just above $80 billion, according to CryptoSlate data.

Sol ecosystem thriving

Adding to Solana’s impressive week, the network saw a record-breaking number of new addresses, with a daily average of 738,040 new addresses based on a seven-day moving average.

This uptick in new addresses highlights the growing community and interest in the Solana ecosystem, which saw a green day of trading, with most tokens recording significant gains.

DEX native tokens — including Raydium and the recently launched Jupiter and Jito —  saw double-digit gains over the past day.

RAY and JUP were up more than 30%, while JITO recorded gains 10%.

Meanwhile, the largest Solana-based memecoins like WIF and BONK saw a drawdown mimicking the wider market as investors turned to smaller cap tokens on DEXs amid renewed memecoin frenzy.

Memecoin fever

The current enthusiasm surrounding Solana is largely fueled by the vibrant trading activity related to newly launched memecoins on the network following a dramatic surge in memecoins this year.

Noteworthy gains were observed in memecoins like Dogwifhat, Popcat, and Bonk, which have posted gains ranging from 117% to 554% over the past 30 days. This surge in memecoin activity has drawn considerable attention to Solana, highlighting its utility and growing relevance in the crypto space.

The appeal of memecoins on the Solana network has been attributed to their accessibility and entertainment value. The trend reflects a broader interest in engaging with the crypto market in a fun and accessible manner.

The post Solana defies overall market trend to hit new all-time high market cap appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

market new high solana overall all-time price

Источник: cryptoslate.com

market new → Результатов: 126


Фото:

Dtrade: A New Innovative Social Trading Platform Rivalling eToro’s Influence

The cryptocurrency market crossed the $2 trillion mark earlier in the month as FOMO, institutions, and stimulus money flowed into the industry at proportions never seen before. This sudden upsurge in the market is bringing in new retail investors looking either to make a quick buck or join in the “financial revolution” – as crypto […]

2021-5-5 08:40


CoinGecko 2019 Q2 Report; Bitcoin Price Dominates With 165% Gains Helping Total Market Cap Jump 125%

CoinGecko, a recognized crypto aggregator of news and information, published its new Q2 report for 2019. In this new release, they provide information about many different topics, including the cryptocurrency market, the price increase experienced by virtual currencies and the performance of crypto exchanges.

2019-7-19 00:01


The Cryptocurrency Down Market: Don’t Lose Sight of Fundamentals

We are now entering the sixth month of the seemingly never-ending bearish market that has become the new norm within the crypto world. Regardless of whether you see this current market as a market correction, a new phase in crypto, or something in-between, the reality is that we are now in a very different position […] The post The Cryptocurrency Down Market: Don’t Lose Sight of Fundamentals appeared first on CryptoSlate.

2019-3-19 23:00


New Stablecoins War and Index Platforms Are Tracking Major Market Fiat-Pegged Crypto Assets

New and Upcoming Platforms Are Tracking Major Market Based Stablecoins Over the past few months of 2018, we have seen the inclusion of a large number of coins, more importantly, we see the arrival of challengers to the otherwise greater level of dominance to the otherwise leading stablecoin in the market. This, of course, would […]

2018-12-13 06:50


Y Combinator New China Division Head, Thinks Blockchain Is Good For Entrepreneurs

As part of its development and expansion efforts, YC or Y Combinator has recently announced that it is opening a new division in the Asian market, specifically in China. The new chief selected to head that particular division has already made the news with his bullish predictions for blockchain technology. According to a recent report, […]

2018-8-16 12:41


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Whales Continue To Accumulate $FRIEND Despite Price Decline

Despite experiencing a 7% decline in value today, the cryptocurrency token $FRIEND is witnessing increased accumulation by whales, signaling growing investor interest in the project. This trend is evident as on-chain data reveals notable inflows into the $FRIEND ecosystem.

Fetch.ai Token Surges 21% In 7 Days As Smart Trader Sees Substantial Profits

Fetch.ai, the artificial intelligence (AI) token, has experienced an impressive 21% gain over the past week, signaling renewed investor interest and bullish sentiment in the market. This positive price movement has attracted the attention of savvy traders, with one particular individual making notable moves within the Fetch.ai ecosystem. Smart trader […]