SOL value breaks $200 as Solana search on Google Traits hits all-time excessive

• SOL value broke above $200 for the primary time since December 2021.
• Good points got here as seek for “Solana” on Google Traits hit a 5-year excessive at 100.
• Solana value might goal its all-time excessive above $260 in coming weeks.

Solana (SOL) traded above $200 for the primary time since December 2021, hitting highs of $205 on Monday morning. SOL value has elevated double digits prior to now 24 hours, with the present value of $202 up 12%. Over the week, the altcoin is up 39% and its 85% over the previous month.

Solana value up as search on Google Traits hit all-time excessive

As SOL value surged to $200, knowledge on the token’s reputation confirmed searches for the time period ‘Solana’ had elevated considerably in current weeks. The Google Traits knowledge reveals the cryptocurrency has skilled the very best reputation ranges of 100, surpassing curiosity ranges of 84 recorded in September 2021. 

On the time SOL broke to close $200 for the primary time, earlier than occurring to hit its all-time excessive above $260 in November 2021.

With a market cap of over $89 billion, Solana has overtaken BNB because the fourth-largest cryptocurrency. The flip is an indicator of Solana’s current surge, though BNB has additionally spiked to $630 after rallying over 70% prior to now 30 days.

Solana blockchain community’s explosive meme coin ecosystem is one issue, as is general traction within the DeFi house.

BTC, ETH search upside momentum

The features for SOL got here because the cryptocurrency market skilled a slight bump in upside motion following final week’s draw back. As Bitcoin swung decrease from highs of $73k to underneath $66k, main altcoin Ethereum (ETH) misplaced traction close to $4,000 and dived to under $3,500.

For the time being, BTC value is again to above $68k as buyers eye the following main occasion by way of the upcoming Bitcoin halving. ETH is more likely to goal a brand new all-time excessive above $4,800 in coming months and SOL might break to a brand new ATH.