Solana Breaks New Record, Will This Send SOL Price To $200?
Summary
Solana's price nearly doubled in December, with a surge in user engagement and a record 16.45 million addresses. The blockchain saw 7.23 million new addresses this month, indicating potential for SOL's price to reach $200. Solana's market cap surpassed XRP and BNB, with a daily transaction high of 981,380 and 16.45 million transactions in December. Trading volume reached $183.99 billion, surpassing Ethereum's DEX volume for the first time. Increased network usage is boosting Solana's utility and value, evident in the growth of meme token BONK by 314% and SOL reaching a yearly high of $117. While reaching $200 would be significant, resistance levels are at $116 and $136, with potential for further growth in a bullish crypto market.
