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“Solana Set New All-Time High as TRUMP-FUELLED RALLY SPURRED PRICE GROWTH
Solana (SOL) has set a new all-time high, driven by the unexpected and unprecedented rally caused by former US President Donald Trump’s announcement of his own cryptocurrency token. The market responded in astonishing fashion, with SOL surging from $219.53 to reach its highest ever level on Sunday morning.
Despite initial skepticism, it seems that investors have been won over by the legitimacy of Trump’s move into the crypto space, drawing in significant investment and fueling a price surge. This sudden influx of capital has had a knock-on effect throughout the market, driving up the value of other altcoins as traders seek alternative investments.
The Solana network’s impressive performance and scalability have undoubtedly played a key role in this price growth, but it seems that the involvement of such an influential figure in the crypto space is having a lasting impact on market sentiment.
Source: coinjournal.net
