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Solana's Soaring Surge: A Crypto Conversation Domination

Solana (SOL) has taken the crypto space by storm, capturing the attention of investors and enthusiasts alike with its impressive price rally over the past week.

According to data from the crypto analytics platform Santiment, Solana has become the hottest topic in the cryptocurrency world on November 13th.

The price of Solana has skyrocketed by an astonishing 42% in just seven days, soaring from around $40 to over $57. As a result, social media platforms have exploded with discussions revolving around the Solana blockchain and its native SOL token.

With a current market cap of $24.12 billion, Solana is now the seventh largest cryptocurrency, trailing just behind USDC. Surpassing the market cap of industry giants like Fujitsu and Roblox showcases the remarkable growth and potential of this network.

Analysis from Santiment indicates that 51.03% of the social media buzz surrounding Solana in the past day has been positive. This showcases the strong community interest and support for Solana's recent price surges. However, it is worth mentioning that 33.19% of the social media volume has been negative, potentially due to concerns regarding its fundamental aspects and its close association with the now-defunct crypto exchange FTX.

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Martin Freiberger, November 13, 2023
Source: Crypto news

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