Summary
TLDR: Solana is the biggest gainer among the top five cryptocurrencies by market cap, reaching a 22-month high. Bitcoin is down slightly, while Dogecoin and meme coins on Solana are also soaring. The rise in Bitcoin and approval of spot Bitcoin ETFs in the US may be driving the overall market. Solana’s growth is also attributed to its ecosystem and renewed optimism.
Key Points
1. Solana has surged to a 22-month high, outperforming Bitcoin and other top cryptocurrencies in terms of price gains.
2. Solana’s price has risen by 16% in the past 24 hours, reaching above $131 and potentially heading towards a two-year high if it hits nearly $137.
3. The growth of the Solana ecosystem, combined with positive market sentiment and Bitcoin-related events, has contributed to the significant increase in Solana’s value over the past year.