Solana dominates crypto conversations with 42% worth bounce
Solana (SOL) dominates social media discussions within the crypto area after seeing a major worth rally over the previous week.
Based on knowledge from the crypto analytics platform Santiment, Solana is the highest trending token on Nov. 13.
Solana’s worth has surged 42% over the past seven days, rallying from round $40 to over $57. This spectacular upward worth motion has sparked a flurry of social media exercise and dialogue across the Solana blockchain and its native SOL token.
Solana’s present market cap of $24.12 billion makes it the seventh greatest cryptocurrency, simply behind USDC. Such a metric additionally makes this community extra worthwhile than Fujitsu’s $24.16 billion market cap or Roblox’s $23.96 billion.
Santiment knowledge reveals that 51.03% of the social media dialogue round Solana over the previous day has been optimistic. This means sturdy neighborhood curiosity and help for Solana’s latest worth features. Nonetheless, 33.19% of the social quantity has been detrimental, possible primarily brought on by its shaky fundamentals and shut ties to the defunct crypto change FTX.
