With the majority of assets in the cryptocurrency sector back into bullish mode, headed by the industry’s representative, Bitcoin (BTC), which has already surpassed the $46,000 price mark, Solana (SOL) is no exception, having added $2 billion to its market capitalization in a single day.
As it happens, Solana’s market cap raced from $44.23 billion to $46.19 billion in mere 24 hours, which means it has added as much as $1.96 billion and grown by 4.43% during this period, as per the latest information obtained from crypto analytics platform CoinMarketCap on February 8.
Solana 24-hour market cap chart. Source: CoinMarketCap
Solana price analysis
In the meantime, Solana is back above the critical psychological level at $100 and is presently trading at the price of $105.91, recording a 4.4% gain in the last 24 hours, as well as adding 5.18% across the previous seven days, and advancing 7.9% on its monthly chart.
Solana 7-day price chart. Source: Finbold
Notably, the significantly bullis
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