Solana Dominates Crypto Conversations
Solana (SOL) has been the talk of the town in the crypto world lately, with a significant surge in price over the past week. According to data from Santiment, Solana is currently the top trending token as of Nov. 13.
The price of Solana has jumped an impressive 42% in the last seven days, going from around $40 to over $57. This rapid increase in price has sparked a surge in social media activity and discussions about the Solana blockchain and its native SOL token.
Market Cap and Social Media Sentiment
With a current market cap of $24.12 billion, Solana is now the seventh largest cryptocurrency, trailing just behind USDC. This places the network ahead of Fujitsu and Roblox in terms of market cap value.
According to Santiment data, 51.03% of social media discussions surrounding Solana have been positive over the past day, indicating strong community interest and support for its recent price gains. However, 33.19% of social volume has been negative, likely due to concerns about its fundamentals and its association with the defunct crypto exchange FTX.
Hot Take: Solana’s Meteoric Rise Sparks Social Media Buzz
The recent surge in Solana’s price has propelled it to the forefront of social media discussions within the crypto community. With a significant increase in market cap and mixed sentiment among investors, all eyes are on Solana as it continues to make waves in the digital asset space.
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