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In recent days, solana has surpassed all-time highs in market capitalization.
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In the short term, geopolitical tensions could increase price volatility.
The price of the Cryptocurrency Solana (SOL) is getting very close to its all-time high of $259 reached in November 2021.
At the time of this publication, each Ethereum-killer-programs-aplicaciones-memecoins/” target=”_blank” rel=”noreferrer noopener”>SUN priced at $245as can be seen in the following graph, provided by TradingView:
Solana price from 2021. Source: TradingView.
Taking into account the closeness to the previous ATH, it could simply be a matter of hours for the cryptocurrency created by Anatoly Yakovenko to set a new price record.
As CriptoNoticias reported yesterdaySolana has been surpassing historical highs for several days in terms of market capitalization refers. The only thing missing is for the price of SOL to also break its highs.
Likewise, it must be taken into account that external factors could influence the price behavior of both solana and other cryptocurrencies in the short term. For example, the upsurge of the war tensions between Russia and Ukraine, threatens to impact the financial markets on November 19.
Beyond that, In the medium and long term – in general – there are bullish expectations for solana.
According to asset management firm, VanEck, a solana ETF could hit the US market next year.
If that were to happen, taking into account that the launch would probably occur during the bullish cycle of cryptocurrencies, it could be very beneficial for its price. ETFs primarily facilitate institutional and corporate investment.
Clarification: This article is written for informational purposes. It does not constitute an investment recommendation or financial advice.
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