Solana (SOL) is really showing its potential to its maximum level with a record high of all time (ATH) in a row in recent times.
Just a moment ago, Solana replaced the previous Dogecoin (DOGE) position by rising to the 7th position, making the meme asset in the 8th position.
Who would have thought it started with a value of $ 1.5 in early 2021, now SOL is priced at $ 143.00 at the time this article is written.
Solana showed steady and positive movement until recording its first ATH for the year, $ 58.32 on May 18th. Still, it didn’t last long when it slipped to a low of $ 18.71 on May 24th.
Then SOL continued to post encouraging prices until the last time it recorded a daily low on July 20, around $ 20.
However, due to several factors: the growth of popular protocols such as DeFi and NFT caused the price to return to previous levels until it managed to surpass some other altcoins which recorded a jump of 50%-100%.
Not only that, the registration of Solana funds by Osprey Funds and the integration of Pyth Network with the network is enough to convince the movement of these assets will not stop in the near future.
Believe it or not, Solana only took 2 weeks to witness a double jump. While only 6 weeks for SOL jumped 400%.
Just recently SOL posted its latest ATH, $ 145.97, making an increase of 600% since July 20 and over 9,000% since the beginning of the year!
With its position surpassing Dogecoin, Solana now records a market value of $ 41 billion with supply in the current cycle being 290.8 million SOLs.
