• SOL has soared to an all-time excessive of $263.7 and is aiming even larger.
• The hype across the Solana meme coin can also be a motive for the cryptocurrency's upward development.
• The most important Solana meme coin BONK has risen over 50% previously week.

Solana (SOL), the fourth largest cryptocurrency by market capitalization, reached an all-time excessive of $263.70 earlier at the moment, outperforming most different digital belongings since November 2023. SOL's surge in worth is essentially resulting from rising demand for meme cash, rising expectations surrounding the potential approval of Solana's blockchain and Spot's Solana Change Traded Fund (ETF).

In response to knowledge from CoinMarketCap, SOL worth has elevated by 11.19% previously 24 hours and is at the moment concentrating on the $300 stage within the close to time period. If present market momentum continues, analysts consider SOL may goal $500 throughout this bull cycle, which is anticipated to final till 2025.

SOL has additionally gained 25.65% over the previous week and 58.95% over the previous 30 days. Since November 2023, its worth has soared 383.36%, pushed by the rising profile of Pump.enjoyable, the highest meme coin generator on the Solana blockchain.

Meme cash gasoline Solana’s momentum

Solana-based meme cash have a wide range of options.

The article Solana surpasses $260 due to meme coin craze and ETF buzz drive appeared first on Coin Version.