Over the past few weeks, the Solana (SOL) token has seen the strongest growth among major cryptocurrencies, and its share of trading volume in the digital asset market has reached an all-time high, according to data analytical service CCData, writes RBC Crypto.
Analysts write that on November 11, the share of trading in the SOL token on centralized cryptocurrency exchanges amounted to 8.85% of total trading volume, which exceeds the previous record of 8.66% set in September 2021.
The sharp growth of the token, which grew by almost 160% in a month, attracted attention to the entire ecosystem of the project. By data DropsTab, trading volumes on decentralized exchanges (DEX) on the Solana blockchain have increased by 245% since September.
The Solana ecosystem’s main memecoin, Bonk Token (BONK), has also seen rapid growth. Over the past 30 days, it has grown by 850%, significantly outpacing other popular and larger memcoins in terms of capitalization, such as DogeCoin, Pepe and Shiba. Bonk’s capitalization is currently $112 million. according to Coinmarketcap service.
At the end of October, VanEck analysts published a report in which they presented several forecasts for the price of the SOL token by 2030. At the same time, the pessimistic scenario assumes a coin price of $9.81, and the most optimistic – $3211.28.
Source: Cryptocurrency
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