{"id":16521,"date":"2023-01-16T15:23:15","date_gmt":"2023-01-16T15:23:15","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/solana-price-has-spiked-137-ytd-as-cryptocurrencies-soar\/"},"modified":"2023-01-16T15:23:15","modified_gmt":"2023-01-16T15:23:15","slug":"solana-price-has-spiked-137-ytd-as-cryptocurrencies-soar","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/solana-price-has-spiked-137-ytd-as-cryptocurrencies-soar\/","title":{"rendered":"Solana price has spiked 137% YTD as cryptocurrencies soar"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1673879923926-27e12630-9a56-4b90-8945-7ce59871083d-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1673879923926-27e12630-9a56-4b90-8945-7ce59871083d-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1673879923926-27e12630-9a56-4b90-8945-7ce59871083d-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1673879923926-27e12630-9a56-4b90-8945-7ce59871083d-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><\/picture><\/div>\n<ul>\n<li dir=\"ltr\"><em><strong>Solana is currently changing hands at $23.26, about 137% up year-to-date.<\/strong><\/em><\/li>\n<li dir=\"ltr\"><em><strong>The coin\u2019s price plummeted after FTX fell in November, ending the year below $10.<\/strong><\/em><\/li>\n<li dir=\"ltr\"><strong><em>SOL price has soared amid positive sentiment, broader market rally and meme coin-driven interest.<\/em><\/strong><\/li>\n<\/ul>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/solana\/\">Solana<\/a> traded below $10.00 on the first day of 2023, having plummeted more than 73% in a massive dump following the collapse of the FTX cryptocurrency exchange.<\/p>\n<p dir=\"ltr\">As was the case, Solana is a blockchain project with ties to disgraced crypto figure Sam Bankman-Fried \u2013 the founder of FTX and Alameda Research. After both companies filed for bankruptcy and Bankman-Fried found himself in custody, the native Solana token SOL took a nosedive.<\/p>\n<h2 dir=\"ltr\">Solana\u2019s SOL soars 137% year-to-date<\/h2>\n<p dir=\"ltr\">Having ended 2022 at around $9.66, SOL price has seen impressive bullish action over the past two weeks. The token\u2019s price has rebounded strongly to currently trade more than 62% in the past week, according to crypto market data aggregator CoinGecko.<\/p>\n<p dir=\"ltr\">For its YTD price, SOL is up more than 137%, trading at $23.26 across major exchanges on Monday, 16 January, 2023.<\/p>\n<p dir=\"ltr\">A turnaround for SOL comes on the back of positive sentiment from across the crypto, including last month\u2019s optimistic outlook for the Solana ecosystem from Ethereum founder <a href=\"https:\/\/twitter.com\/VitalikButerin\/status\/1608591727316684804\" rel=\"noopener noreferrer\" target=\"_blank\">Vitalik Buterin<\/a>.\u00a0<\/p>\n<p dir=\"ltr\">A rebound in decentralised finance (DeFi) and meme coin craze-related activity is also leading to more <a href=\"https:\/\/coinjournal.net\/solana\/buy\/\">buy Solana<\/a> market action. Another factor driving SOL price in recent days has been the broader enthusiasm in the market after what was typically a suffocating run at the backend of last year.<\/p>\n<p dir=\"ltr\">On 12 January, crypto markets platform Messari <a href=\"https:\/\/twitter.com\/MessariCrypto\/status\/1613355108779315202\" rel=\"noopener noreferrer\" target=\"_blank\">highlighted<\/a> that Solana was far from \u201cdead.\u201d According to the firm, on-chain data showed both transaction volumes and active accounts on the Solana blockchain had surged to levels last seen before the FTX collapse.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Is <a href=\"https:\/\/twitter.com\/solana?ref_src=twsrc%5Etfw\">@solana<\/a> dead? Its fundamentals might say otherwise.<\/p>\n<p>Transaction volumes and active accounts both spiked back to pre-FTX levels.<\/p>\n<p>While tweets and meme coins may have been the cause for recent activity, it is difficult to pinpoint the FTX collapse by looking at these metrics. <a href=\"https:\/\/t.co\/hL05ixfLVw\">pic.twitter.com\/hL05ixfLVw<\/a><\/p>\n<p>\u2014 Messari (@MessariCrypto) <a href=\"https:\/\/twitter.com\/MessariCrypto\/status\/1613355108779315202?ref_src=twsrc%5Etfw\">January 12, 2023<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">As CoinJournal <a href=\"https:\/\/coinjournal.net\/news\/bonk-price-action-spells-trouble-after-becoming-an-overnight-crypto-sensation\/\">previously covered<\/a>, some of the uptick in activity followed the launch of meme coin Bonk (BONK), with significant spike in interest in Solana after the cryptocurrency\u2019s airdrop to the community.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/solana-continues-comeback-with-137-ytd-price-surge\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Solana is currently changing hands at $23.26, about 137% up year-to-date. The coin\u2019s price plummeted after FTX fell in November, ending the year below $10. SOL price has soared amid positive sentiment, broader market rally and meme coin-driven interest. Solana traded below $10.00 [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":16522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/16521"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=16521"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/16521\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/16522"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=16521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=16521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=16521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}