Solana Slowly Strides to $200 After Gaining Over 30% in Seven Days

Solana has managed to gain so much in the last few day while avoiding the media spotlights. The coin is edging close to to March’s high and may be following the same route as before. However, it is not surging from $100 but $130.

Let’s examine what that price movement says about the ongoing surge. First, what are some of the reasons for the latest surge?

The entire crypto market condition changed following the hike in the probability of Donald Trump becoming the next US President. The candidate’s stance on crypto makes him for appealing to the crypto space. Hence, he has gathered a lot of support from top crypto influencers and top personalities.

The latest surge results from another event affecting the upcoming November election. The chances of Joe Biden continuing with the campaign as the Democrat flag bearer started becoming slim in the last few weeks as concerns ranging from health to other matters took the central stage.

The presidential candidate recently announced his withdrawal and endorsed his Vice, Kamala Haris. With the top contender out of the picture, Donald Trump’s chances of returning to the White House increase. As with previous events, the crypto market celebrates the latest happenings with green candles.

The post Solana Slowly Strides to $200 After Gaining Over 30% in Seven Days first appeared on Cointab.