This week, the digital assets market started with an unexpected rally. One of those who benefitted was Solana (SOL) The trading volume of XRT has risen by almost 70%. It is the top gainer in the cryptocurrency market for the first week.
According to a report, the asset has gained almost 10% in just 24 hours. CoinMarketCap. The cryptocurrency is also currently trading for $193. This price is moving closer to the crucial $200 level. Recently, the cryptocurrency flipped over a major resistance level which could lead to a further ascent throughout this week.
You may also like: Solana (SOL) Predicted to Reach $300 in 2024 After Reversal
Solana leads Monday market rally
Digital asset markets have seen huge gains in March. Bitcoin topped the charts, reaching a record-breaking $73,000 at the midpoint of the month. A steep correction in price took place over the past week. Assets returned to normal. This was short-lived as a strong Monday rally arrived.
Today, one of the networks who benefited this month from the meme coin mania led the pack. Solana’s (SOL), a cryptocurrency, is the leader of all gains, with its trading volume up nearly 70%. It is important that the cryptocurrency continues to climb over $200.
You may also like: Solana Officially Jumps Ethereum in DEX Volume
This may not be too far away, as the value of this asset has increased by 89% this month. Its recent rise has also turned a major resistance into a strong support. Subsequently, some crypto analysts They predict a continuation of the SOL rally, culminating in a price of $250.
Due to the huge surge of Solana’s network, there has been a shift in the discussion about a possible all-time record for this asset. Solana outperformed Ethereum across a variety of important daily and week-end metrics in March. SOL’s previous record price of $260 may also be threatened.
The token’s growth depends on the strength of the market. The sentiment in the market has always had a significant impact on the price. And the outlook for the future is very positive. As the Bitcoin Halving Event The set is arriving next This month, many assets will see impressive gains in the second half.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru
