Solana Surged 2,000% In 2 Years, But It Could Go Even Higher: Report
Solana‘s (CRYPTO: SOL) growth over the past two years, marked by a staggering 2,143% price increase, is rooted in a substantial $55 billion influx of new capital, according to a recent analysis by Glassnode.
The report, released earlier in the week, delves into the network’s underlying dynamics, revealing robust investor demand that, despite profit-taking, hasn’t reached levels traditionally associated with market tops.
Solana’s journey from a low of $9.64 following the FTX collapse to its current position as a major crypto contender is a story of notable recovery.
The Glassnode report highlights this outperformance, noting that Solana has not only eclipsed Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) in price appreciation but has also consistently attracted more capital, capturing significant market attention.
This surge is not merely speculative; it’s backed by a tangible shift in investor preference.
The …
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