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- Solana (SOL) achieved a new all-time high at the price level of $68.39
- With the increment in price, the total market cap also surged occupying the 10th position in the top 100 cryptos by market cap list
- Solana follows the launch of its latest NFT platform known as the Degenerate Ape Academy
- NFT sales worth 99,600 SOL ($6.17 million) have been made through the project
Solana (SOL) is currently the tenth largest cryptocurrency in terms of market capitalization as per CoinMarketCap. The blockchain is another tremendous performing network in the cryptosphere. The crypto community has witnessed the rapid growth of the project. Recently, SOL, the native cryptocurrency of the smart contracts platform, has achieved a new all-time high. Experts in the cryosphere have noted that the latest achievement followed the launch of the new Non-Fungible Token (NFT) project on the platform.
Solana native crypto was up by over 33%
The crypto market has been observed to be bullish since last week after the mid-May crash. The prices of the leading crypto assets were crossing some benchmark levels and the same with SOL. Solana was trading at the price level of $68.39 on Monday. Notably, the digital asset witnessed an intraday gain of more than 33%.
SOL achieved a new all-time high level
The impressive rise in the price of the native cryptocurrency of the smart contracts platform has helped it to achieve a new all-time high. It is also noteworthy that the cryptocurrency smashed through its previous high from May 2021 of just more than $58.
Such moves have brought the cryptocurrency in the list of top 10 digital assets by market cap on both the CoinMarketCap and CoinGecko’s platform. However, SOL is just below Polkadot which has a total market capitalization of more than $25 billion, whereas SOL’s market cap is at more than 17 billion.
However, after achieving the all-time high price level, the coin has slightly moved downwards. Still, over the past seven days, the coin is up by more than 66%. Moreover, at press time the cryptocurrency is up by more than 12% over the last 24-hours.
What helped SOL achieve new highs?
The new all-time high for Solana follows the launch of its latest NFT platform known as the Degenerate Ape Academy. According to Solanart.io, the tracking site, so far Non-Fungible Token sales worth 99,600 SOL ($6.17 million) have been made through the project.
Moreover, more than 2900 items have been put up for sales on the platform. We have observed that currently, the most expensive cartoon ape is worth 1,00,001 SOL ($6.19 million). According to the team behind the project, the project has been sold out in just 8 minutes. Additionally, they admitted that the drop was not smooth, but was exponentially bigger than expected.
