Following a great month of October, which saw Solana’s (SOL) market cap skyrocket over 62%, adding billions to its total worth, the asset has once again recaptured the attention of cryptocurrency investors.
In fact, in the last 30 days, SOL climbed from $9.88 billion on October 2 to over $16.4 billion on November 1, adding over$6 billion to its value, as per the latest information taken by Finbold from CoinMarketCap at the start of November.
Solana’s market cap increase in October Source: CoinMarketCap
These results have made up 2% of all discussions regarding the top 100 crypto assets of this highly-performing currency.
Solana’s market value rise Source: Santiment
With the rise of the trading volume and market cap, investors are taking note, which can be seen through rising interest levels and optimism.
Can Solana reach $50 price value?
Solana is currently trading at $39.45 at the time of press. The increase of 7.49% in the last 24 hours aims to continue on an already impressive trend of 24.64% in 7 days.
SOL 7-day price chart Source: Finbold
With the indicators that are all looking positive and the $40 price valuation in the books, a new milestone arises, a one of $50 value.
Considering that SOL’s value has almost doubled in the previous month, this new milestone doesn’t seem far-fetched and unobtainable, and we may see this crypto asset reaching it sooner rather than later.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
