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    Solana hits record high and aims for $400 as new ETFs launch and DeFi grows

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    HI Can SOL reach it's all-time-hight, and what is behind the recent price jump, Ripple, clear sky, upwards, rise, growth, crypto, coin, takeoff, flight, start, Solana (SOL)

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    On Nov. 22, Solana (SOL) reached a record high of $262.64 on Coinbase, an 11% increase in one day. Since 2024, the cryptocurrency’s value has risen by 160%, even after a value drop in December 2022. Bitwise, VanEck, 21Shares, and Canary Capital’s plans to launch Solana exchange-traded funds have contributed to its surge, which could potentially reach $400. Additionally, SOL’s decentralized finance (DeFi) has increased by over 500%. Other cryptocurrencies, such as XRP and Cardano, are also performing well, with the total market capitalization reaching a record $3.42 trillion on Nov. 22.

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    Hey folks! Let’s talk about this killer achievement for Solana (SOL). On Nov. 22, Solana hit a new record high of $262.64 on Coinbase, according to TradingView. This was an 11% increase in just one day — impressive, right?

    We’ve seen SOL performing outstandingly well among other cryptocurrencies this year. Since the start of 2024, its value has shot up by 160%. Yes, Solana faced a bit of a stumble when it dropped to less than $10 back in December 2022 due to the meltdown of former FTX boss Sam Bankman-Fried’s crypto empire. But hey, it bounced back stronger!

    And, what’s boosting Solana’s surge right now? Bitwise, VanEck, 21Shares, and Canary Capital are leading the charge with their plans to launch Solana exchange-traded funds this week. Cool, huh?

    Experts predict that SOL could hit a high of $400 once it surpasses its previous all-time high of $260. And it’s clear to see why: There’s a lot of hype for Solana and SOL right now, particularly because it’s easy and cheap to create memecoins on the network.

    That’s not all. Solana’s decentralized finance (DeFi) has also grown massively, increasing more than 500% in total value locked this year, reaching $8.8 billion, according to DeFiLlama.

    Good news for Solana is not the only hot topic in the crypto world. Donald Trump’s potential friendlier approach to crypto regulation is sparking excitement and helping to drive the total market capitalization to a record high of $3.42 trillion on Nov. 22. And don’t forget the buzz surrounding SEC Chair Gary Gensler’s upcoming resignation in January. Other cryptocurrencies are also shining, with XRP clocking a huge 27% spike to peak at $1.40, while Cardano (ADA) and Avalanche (AVAX) are also on the rise.

    So, grab your spot, and enjoy the wild ride in the crypto world!

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