🚨The market capitalization of Solana is recovering with a new foray into the mark of US$ 100 billion

📉The rise of altcoins continues this Monday, and now it's Solana's turn to show its growth potential. In the past few hours, the price of Solana has shown consistent performance, significantly increasing its market capitalization. This consolidates SOL among the top coins in the cryptocurrency world.

♨️The price of SOL has increased by +6.56% in the last 24 hours. Meanwhile, on the weekly chart, the performance comfortably exceeds double digits (+15%). This places the token very close to the psychological barrier of US$ 200 per coin.

👉🏼In this sense, if it is assumed that the coin will reach new highs during the altcoin season, its current price will remain low. However, the altcoin season is not guaranteed yet due to the resilience of Bitcoin's price. This prevents the rest of the cryptocurrency market from consistently forcing it to relinquish its dominance.

⬆️Considering the current circulation of Solana's native token, at 538.04 million coins, the price does not need to reach a new all-time high to establish a new market capitalization record. The historical capitalization of SOL is US$ 117 billion and dates back to last January.

✅The value amounts to US$ 103 billion, clearly demonstrating that it is very close. Calculating the circulating market and the maximum market capitalization, it can be said that the token price needs to reach US$ 217.35 for the coin to hit a new historical record in market capitalization.

The expectation of a spot ETF for the coin in the United States this year could play a significant role in this last possibility. This would mean an influx of capital from Wall Street into Solana's market capitalization, which would boost its price and generate buying pressure. Add to this the growth in network usage, and the conditions seem favorable for a significant rise.