Derivatives data suggest Solana has hit a short-term high
Solana (SOL) hit an all-time high of $ 216 on September 9 after rallying 508% since August. The bull run caused some analysts to project a $ 500 goal which would translate into a market capitalization of $ 150 billion.
It is worth noting that during the SOL rally, the average network transaction fee had exceeded $ 40. Increasing interest in the NFT market accelerated investors’ transition to Solana, which was driven by FTX NFT Market Launch September 6.
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