After 3 years of waiting, the Solana cryptocurrency (SOL) marked a new all-time high in its price.
In the early morning of today, SOL surpassed the barrier of 260 dollarsthus reaching a new price record.
The following graph shows how the market has moved over time:
In addition to having been driven by bitcoin (BTC), which is approaching $100,000, confirmation that Gary Gensler will resign from the US SEC (the body he presides over) on January 20 was well received by the market.
Let us remember that, as CriptoNoticias has reported, this Securities Market Regulatory Commission considers that solana is a security (security) not registered and, therefore, its commercialization in the United States should be prohibited.
Above 260 dollars SOL enters what is called “unexplored territory”that is, a price area in which it is not conditioned by previous supports or resistances.
With a high chance that a solana ETF will be approved next year in the United States, bullish expectations for this cryptocurrency generally continue.
Several cryptocurrencies skyrocket
For fundamental reasons similar to those causing the rise of SOL, Several altcoins turned “green” this November 22.
If only the 100 cryptocurrencies and tokens with the highest market capitalization are taken into account, the weekly race is led by Mantra (OM). This digital asset has risen more than 130% over the last seven days:
Other cryptocurrencies that have had a large weekly rise, as seen in the image above, are Stellar (XLM), Hedera (HBAR) and XRP (XRP).