Solana Tops $260 as Meme Coin Craze and ETF Buzz Drive Momentum

• SOL has surged to a brand new all-time excessive at $263.7 and goals greater.
• Solana meme coin hype can also be a cause for the cryptocurrency’s uptrend.
• Largest Solana meme coin BONK is up over 50% up to now week.

Solana (SOL), the fourth-largest cryptocurrency by market capitalization, reached a brand new all-time excessive of $263.70 earlier at the moment, outpacing most different digital property since November 2023. The surge in SOL’s worth is basically credited to the rising demand for meme cash on its blockchain and rising anticipation surrounding the potential approval of a spot Solana exchange-traded fund (ETF).

Information from CoinMarketCap reveals SOL’s worth climbed 11.19% up to now 24 hours and is now eyeing the $300 degree within the quick time period. If present market momentum persists, analysts consider SOL might goal $500 throughout this bullish cycle, which is anticipated to final till 2025.

SOL has additionally gained 25.65% over the previous week and 58.95% within the final 30 days. Since November 2023, its worth has skyrocketed 383.36%, fueled by the rising prominence of Pump.enjoyable, a high meme coin generator on the Solana blockchain.

Meme Cash Fueling Solana’s Momentum

Solana-based meme cash have co…

The put up Solana Tops $260 as Meme Coin Craze and ETF Buzz Drive Momentum appeared first on Coin Version.