The cryptocurrency market appears to be regaining some steam. Bitcoin (BTC) has reclaimed the $105,000 mark after falling under $102,000 earlier this week. The worldwide crypto market cap has risen 1.5% within the final 24 hours to $3.77 trillion. Solana (SOL) follows the present market resurgence. The asset is inching nearer to the $260 mark.
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Solana Features Traction
SOL is engulfed in inexperienced at present. The favored cryptocurrency has rallied 4.3% within the final 24 hours, 22.2% within the weekly charts, 37.6% within the 14-day charts, and 30.7% over the earlier month. The asset has additionally risen by 211% since January 2024.
SOL is at the moment down by solely 11.6% from its all-time excessive of $293.31. The asset peaked on Jan. 19, 2025.
The Cryptocurrency Market’s Newest Push
The crypto market picked up steam yesterday after a short correction earlier this week. Solana (SOL) and different crypto property have made important positive factors since yesterday.
The most recent surge is probably going as a consequence of US President Donald Trump signing an govt order to determine a digital asset stockpile. Based on the assertion, “The digital asset business performs a vital function in innovation and financial growth in america, in addition to our Nation’s worldwide management”
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Can SOL Hit $300 By The Finish Of January?
Based on CoinCodex, SOL’s value will consolidate for the subsequent week. The platform anticipates the asset to commerce at $261.33 on Jan. 31, 2025. Hitting $261.33 from present value ranges will entail a rally of about 0.53%.
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SOL may hit a brand new all-time excessive of $300 by the top of this month. The most recent govt order may result in a surge in investor sentiment. An increase in sentiment may set off a rally to a brand new peak.
