Summary
TLDR: Solana’s market cap hit an all-time high of over $82 billion, now at about $80.5 billion. SOL price is $181, up 9% in 24 hours. It’s the best performer in the top 20 coins. Solana saw a resurgence in popularity last year despite FTX’s collapse. It is now the fifth-largest digital asset by market cap.
Key Points
1. The market cap of Solana hit an all-time high late Friday, reaching over $82 billion before dropping slightly to about $80.5 billion. This level is above the peak levels seen in 2021.
2. Despite the market cap reaching new highs, the price of Solana (SOL) is still below its all-time high of $259.96 in November 2021. The increased number of coins in the market has contributed to the boost in total market cap.
3. SOL is currently trading for $181, with a nearly 9% increase in the past 24 hours and a 21% increase over the past seven days. It is the best performer among the top 20 coins and tokens in the last day, reaching its highest price since December 2021.