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Gate Square New & Returning Creator Rewards are ongoing!
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Solana (SOL) is trading at approximately $167.65, with an intraday high of $173.94 and a low of $166.82. This positions SOL about 41.10% below its all-time high of $294.85, achieved on January 19, 2025.
The current market capitalization stands at $81.71 billion, ranking Solana as the 6th largest cryptocurrency by market cap.
Recent events have influenced SOL's price dynamics. Notably, the $Libra meme coin controversy, associated with Argentine President Javier Milei, led to a 15% drop in Solana's value due to its impact on the network's reputation.
Despite these challenges, some analysts remain optimistic. Hedge fund founder Joe McCann has expressed confidence in Solana's potential, suggesting it may outperform Ethereum in the near future.
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