The Year Of Solana: 2024 Sees Global Crypto Love Surge Nearly 40%

Name	Symbol	Market	Market Cap ($)	Algorithm
Mina	MINAUSD	Crypto	857,091,751	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Mina

MINAUSD

Crypto

857,091,751

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.021	-2.79%	0.731	0.731	0.732

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.021

-2.79%

0.731

0.732

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.760	0.728	0.752	0.752	0.329000 - 1.73

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.760

0.728

0.752

0.329000 - 1.73

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	04:47:50	24.80	0.731	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

04:47:50

24.80

0.731

USD

Price x Volume	Volume	Base Symbol	Related Pairs
214,819.93	286,892.64	MINA	MINAEUR	MINAGBP	MINABTC

Price x Volume

Volume

Base Symbol

Related Pairs

214,819.93

286,892.64

The Year Of Solana: 2024 Sees Global Crypto Love Surge Nearly 40%

18/11/2024 8:00pm

NEWSBTC

Solana (SOL) has emerged as a winner in the digital asset landscape as it captured the title of being the most popular blockchain ecosystem in 2024, according to the latest ranking of CoinGecko. Related Reading: Shiba Inu (SHIB) Ready To Roar! Analyst Calls For A 200% Spike The virtual coin outperformed some of the well-known cryptocurrencies in the market, an indicator of the crypto’s growing appeal to investors worldwide. Solana Bags No. 1 Spot Solana seized the top spot in the ranking of blockchain ecosystems in the crypto space. This is an important feat that shows the capability of the coin to dominate the digital currency market. CoinGecko revealed that from January 1 to November 11, 2024, the global traffic share of Solana has outdone its fellow cryptos, saying that SOL holds nearly 39% of all investor interests worldwide. SOL’s global shares are more than twice the share of Base, which occupies second place with 16.81%, showing its commanding lead among blockchain ecosystems. CoinGecko attributed the SOL’s prominence to the Pump.fun platform, which Solana launched in January this year. The platform played a crucial role in sparking the interest in SOL. The crypto market analyst added that Solana’s “speed and low gas fees” were also major contributors to its popularity among investors. Meanwhile, the data aggregator website noted that although Solana led the top of the blockchain ecosystems ranking, the coin’s share of investor interest has decreased by 10.5%. In contrast, other ecosystems have gone up to get more global shares. The Pump.fun Effect Analysts said that one of the major drivers in the huge interest in SOL is the Pump.fun. Solana introduced the new platform in January, boosting the coin’s customer engagement and leading to more interest in it. Solana boasted that Pump.fun is viewed as its “fastest trading terminal,” which can also be used for “non-custodial wallet creation through emails.” Data showed that over 2.5 million tokens have been deployed with the use of the platform, noting that Pump.fun has become famous in the meme coin community for its low transaction costs. Related Reading: Mantra (OM) Hits New ATH On 132% Weekly Surge – Details ETF Listing By 2025 Matthew Sigel, head of digital asset research at VanEck, believed that Solana could get an ETF listing by 2025, showing confidence that SOL will get US approval next year. Sigel said that the odds are in favor of Solana, saying that an ETF listing by 2025 is “overwhelmingly high.” He suggested that US President-elect Donald Trump’s stance on cryptocurrencies could be a deciding factor in SOL’s campaign for an ETF listing since Trump projects a more friendly approach to cryptocurrencies. As of writing, SOL is being traded at $244 per coin and has a total market capitalization of more than $114 billion. Featured image from ByteTree, chart from TradingView

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