Solana Shines Among Cryptocurrencies with a 782% Gain
As we approach the end of 2023, optimism is returning to the cryptocurrency industry, and some assets are garnering more attention than others. Solana (SOL) has emerged as one of the top performers, showcasing remarkable results both recently and since the beginning of the year. In fact, Solana has seen its price surge by over 780% this year alone.
The current price of Solana sits at $85.51, representing a massive 782% gain on its year-to-date (YTD) chart. This impressive growth is the culmination of a steady upward trend observed over the past two months. The data collected by Finbold on December 21, confirms Solana’s remarkable journey.
Solana’s Blockchain Attracts Significant Amounts of Staked Assets
Adding to Solana’s positive momentum, a bullish indicator is the significant amount of assets locked on its blockchain. As of now, the total value locked (TVL) on Solana’s blockchain stands at an impressive $1.21 billion. This information comes from Defi Llama, a reputable decentralized finance (DeFi) analytics platform.
Currently priced at $86.76, Solana has experienced an increase of 13.1% in the past 24 hours. Over the previous week, its value has soared by 21.49%, and looking at the monthly chart, Solana has surged by a staggering 54.42%.
Considering these factors, it appears that Solana is well-positioned to continue its upward trajectory in the near future, with a potential target of $100. Crypto trading expert Ali Martinez previously predicted Solana’s surge to $90 when it successfully closed above $68 earlier this month (as reported on December 8 by Finbold).