• SOL worth exceeded $200 for the primary time since December 2021.
• The variety of searches for “Solana” on Google Traits elevated by 100, the best in 5 years.
• Solana worth may intention for all-time highs above $260 within the coming weeks.

Solana (SOL) traded above $200 for the primary time since December 2021, hitting a excessive of $205 on Monday morning. The value of SOL has elevated by double digits previously 24 hours, with the present worth of $202 representing a rise of 12%. The altcoin is up 39% in a single week and 85% within the final month.

Google Traits searches hit file excessive, Solana worth rises

As SOL's worth soars to $200, knowledge on the token's reputation exhibits that searches for the time period “Solana” have elevated considerably in latest weeks. In keeping with Google Traits knowledge, the cryptocurrency recorded its highest reputation stage of 100, surpassing the curiosity stage of 84 recorded in September 2021.

At the moment, SOL breached practically $200 for the primary time, and in November 2021, it hit an all-time excessive of over $260.

Solana's market capitalization exceeded $89 billion, overtaking BNB to grow to be the fourth largest cryptocurrency. This reversal marks Solana's latest surge, however BNB additionally soared to $630 after rising greater than 70% previously 30 days.

The exploding meme coin ecosystem of the Solana blockchain community is one issue in addition to the traction of your complete DeFi area.

BTC, ETH search upward momentum

SOL’s rise got here because the crypto market skilled some upside following final week’s decline. As Bitcoin fell from a excessive of $73,000 to beneath $66,000, main altcoin Ethereum (ETH) misplaced momentum round $4,000 and plummeted to beneath $3,500.

For now, BTC worth is again above $68,000 as traders give attention to the subsequent huge occasion, the Bitcoin halving. ETH is more likely to intention for all-time highs above $4,800 within the coming months, and SOL may break by means of a brand new ATH.