Solana has broken through the $200 threshold for the first time in seven months of trading. The token's price saw a 8.69% rise as the crypto market rallies after the US election.

This is a major step in making Bitcoin (BTC) more accessible to people who use the Solana blockchain. For the first time, Coinbase has issued a token on Solana, and it's called cbBTC.

Solana breaks $200 for the first time since April 1, thanks to Donald Trump securing U.S. Presidential election.

Solana (SOL) price, a Layer 1 blockchain, has recently demonstrated significant upward momentum in the cryptocurrency market. Since the beginning of November, SOL's price has surged by 21%, breaking a five-month high amid strengthening bullish sentiment.

Coinbase, the largest U.S.-based cryptocurrency exchange, announced the launch of cbbtc, its in-house developed wrapped bitcoin token, on top of the Solana network. Highlighting the significance of this move, Coinbase stated: “This is the first token Coinbase has issued on Solana, and with it, we're excited to bring easy access to BTC.

The successful breach of the crucial $200 mark by Solana represents a significant turning point in its recent upward trajectory. Strong momentum is indicated by this breakout, which has created the possibility of a push toward the market's all-time high (ATH), as sentiment on the market favors the upward trend continuing.

A retest of the $180-$190 area should be regarded as a buying opportunity.

Coinbase said that cbBTC is the first token issued on Solana.

Solana network shows growth potential to surpass the Ethereum blockchain next year as the crypto bull run gains momentum. As it overtakes Ethereum in DEX trading volumes and other DeFi metrics, the Solana-based meme coins are ready to explode.

Coinbase launches its bitcoin-backed token cbBTC on Solana with $10 million initial deployment, marking its first native token on the blockchain and filling a two-year void in Solana's DeFi ecosystem left by FTX's collapse.

Solana has reached $200 per coin amid market optimism following Trump's election victory, Republican promises to protect crypto assets, and speculation about potential ETF approvals under the new administration.

Solana Optimistic Network (SOON) testnet now live with 30,000 TPS and 50ms block time.

In September, Coinbase unveiled cbBTC, a wrapped version of Bitcoin that enabled users to utilize their Bitcoin holdings in decentralized finance (DeFi) applications on Ethereum and Base without selling or converting to other cryptocurrencies.

Coinbase, the largest cryptocurrency exchange in the U.S., has announced the release of its wrapped Bitcoin token, cbBTC, on the Solana blockchain.

Joe McCann is the outspoken founder of Asymmetric, a top-performing crypto venture capital fund backed by investors including Marc Andreessen, Chris Dixon, and Circle.

South Korea's largest crypto exchange now supports DRIFT trading in KRW, BTC, and USDT, boosting access to Solana's DeFi ecosystem.

SUI Network's DEX trading volume is outpacing Solana's, raising questions about its long-term growth potential.

Following Donald Trump's victory in Tuesday's election, members of the crypto community are celebrating a renewed sense of hope for their ETF ambitions. The change in political leadership is seen as a potential turning point for the approval of cryptocurrency ETFs focused on altcoins such as Solana, XRP and Litecoin.

Since rebounding from the support level above $122 in early September, Solana (SOL) price has gradually gained bullish momentum akin to Bitcoin (BTC). For the first time since mid-March, Solana price has consistently closed above the daily falling logarithmic resistance trend.

Crypto prices today stirred a whirlpool of speculations among market watchers globally, showcasing mixed price actions. While Bitcoin (BTC) maintained a trading session in the green at the $75K level, altcoins mainly reflected a turbulent market sentiment.

The launch of Eclipse is one of the most hyped network launches of the year, with the hybrid blockchain project securing over $65 million in funding prior to its launch on Nov. 7.

The deployment will allow users to utilize Bitcoin in Solana's burgeoning DeFi ecosystem, according to Coinbase.

Solana, which has seen strong on-chain activity over the past few months, climbed above the $200 mark to trade at $201 at one stage today.

Solana is surging on increasing confidence that spot ETFs will be approved under a Trump administration, all while Bitcoin breaks records.

Following its Ethereum-based debut, Coinbase said the token is now live on a speedy, layer-1 competitor.

Solana is making waves in the market as bullish sentiment propels it toward the crucial $194 resistance level. With positive pressure on its side, SOL is drawing attention from investors eager to see if this push will mark the beginning of a major breakout.

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SOL and BNB are battling for rank #4. While SOL currently holds the edge, a new ATH above $260 could cement its lead.

Bitcoin just made a new all-time high, but ether is the real winner here.

SOL is up more than 20% this week, and data suggests that the rally will continue.

Coinbase has just announced cbBTC, the very first Bitcoin-backed token on Solana. The newly minted SPL token is backed 1:1 by Bitcoin and held in Coinbase custody.

Solana (SOL) increased its fee production, reaching a new record in October. The chain surpassed Bitcoin (BTC) in fee production on a monthly basis.

Solana has finally broken through a crucial resistance level that has kept the price subdued for months, sparking fresh optimism among investors. However, the breakout has yet to be confirmed, leaving room for excitement and caution.

In the latest X post, veteran trader Peter Brandt shared a trader's perspective on Solana and Ethereum. He noted that both are poised for upside breakouts to join Bitcoin; however, he specifically pointed out Solana and urged the users to notice SOL breaking out into new highs. $ETHUSD vs.

The Solana and Ethereum debate has come up a lot in this market cycle, especially with SOL currently outperforming ETH. Veteran trader Peter Brandt has also weighed in on the conversation and provided insights into why SOL is ahead of ETH from a trader's perspective.

TL;DR Donald Trump's victory in the 2024 election improves the outlook for altcoin ETFs such as Solana, XRP and Litecoin. Trump has expressed support for cryptocurrencies, which has generated optimism on Wall Street that the SEC will approve these funds. Bitcoin price hit a record high following Trump's victory, supported by the president-elect's pro-crypto enthusiasm.

Solana has remained largely flat today, yet analysts are predicting that its recent momentum will be enough to propel it to a new ATH soon. The post Millionaire Trader Predicts Solana Breakout: $420 Target Once SOL Tops $200 appeared first on Cryptonews.

Solana (SOL) has become the fourth-largest cryptocurrency by market capitalization after seeing its price surge by more than 7% over the past week, to now have a total market cap of $88.28 billion, above BNB's $85.6 billion.

As Bitcoin (BTC) entered the price discovery phase following the historic victory of Donald Trump and other pro-crypto candidates in the US Senate and House of Representatives, the altcoin market – led by Dogecoin (DOGE), Ethereum (ETH), and Solana (SOL) have gained significant bullish momentum.

The price of Solana (SOL) has risen above the $164 barrier twice as the altcoin attempts to break out of its sideways trend.

The recent win of Trump in the US election has surges the growth of crypto tokens. On November 6, SOL touched $188 and displaced BNB coin from its fourth position. It has been moving in an upward channel for quite some time.

With a market capitalization of $88.4 billion, Solana has moved into third place in the ranking of cryptocurrencies, displacing Binance Coin which has an $86.7 billion market capitalization. Will Solana now widen the gap?

Solana, a leading blockchain network, has captured the spotlight in the cryptocurrency market. Following Donald Trump's reelection as the 47th President of the United States, the price of its native token, SOL, surged to $188, marking a six-month high.

While Bitcoin (BTC) bulls are eyeing a new all-time high, Ethereum (ETH) is poised near $2,800 and Solana (SOL) is above $188. There is also notable attention on top DeFi tokens – including Uniswap (UNI), Aave (AAVE) and Ethena (ENA). Here's a wrap for the crypto market during the Asian hours on Nov.

Solana "has an opportunity to move alongside BTC and ETH, cementing itself as a major if it gains ETF approval," an analyst told Decrypt.

Solana's price has broken above $172 and continues to show strength as it approaches the $200 level, supported by positive technical indicators and sustained trading volume.

After Struggling for the last six months bitcoin price has finally hit the ATH and touched the $76,200 mark after Donald Trump's election win. Meanwhile, experts predict that the next few months in the crypto market are about to get wild.