Solana Hits Two-Year Peak As Bitcoin & Ethereum Reach New Highs

[Webster]

Solana Price Hits Two-Year Peak of $150 as DeFi Volume Tops Ethereum - Decrypt

Bitcoin set another all-time high and Ethereum hit $4,000—but Solana is having a big day too as DEX trading volume swells.

decrypt.co

Bitcoin and Ethereum aren’t the only major cryptocurrencies making moves: Solana rose above the $150 price point on Friday for the first time since January 2022.

The two-year peak for Solana comes as Bitcoin hit another all-time high price Friday morning above $70,000, while Ethereum reached $4,000 for the first time since 2021. Like those coins, Solana dipped after hitting its own milestone, falling from above $152 to about $143. But the price has mostly rebounded since, landing at about $150 as of this writing.

Solana has surged in value in recent weeks, rebounding alongside the rest of the market while continuing the upswing that brought its price above $120 in December before momentum quieted for a couple of months.

Even amid the latest surge, Solana remains much further away from its own all-time high price point than Bitcoin or Ethereum. Solana peaked at just under $260 in November 2021—about 42% higher than the current price. Ethereum is approximately 20% away from its own peak price from the same month, while Bitcoin is down about 3% from this morning’s new record.

Thoughts?

 

[magnus2022]

Cryptocurrency especially bitcoin is in the high side. I could not find the reason behind the sudden rise in price of cryptocurrency. Now, bitcoin have climbed over 69k. And analysts still there is prospects of bitcoin reaching 80k USD before April.

 

[Carson20t]

Wow, this is great that Solana is soaring high as well. We almost lost hope that Solana is going to replace Ethereum. The statistics have been impressive and it has proved yet again that it is a people"s coin and is still growing with price prediction to go as high as about $800 in 2025. It is a great coin with a lot of prospects.

 

[King Belieal]

Solana has been one of the best cryptos in terms of transaction completion time. It has a unique value proposition. And was expected to rise in this bull run.

 

[Webster]

We almost lost hope that Solana is going to replace Ethereum.

I don't think Solana is going to serve as a replacement for Ethereum but it will, I think, definitely serve as an alternative to it.