TL;DR

• The cryptocurrency market is experiencing a big upswing, with most digital belongings, together with Solana (SOL), recording substantial good points.
• Solana has notably elevated by over 8% in 24 hours and has seen a formidable 80% rise prior to now month, with its value reaching practically $70 at one level.
• The surge in Solana’s value might be partly attributed to the efficiency of the Solana-based memecoin Bonk (BONK), which has elevated by 17% prior to now 24 hours and 600% over the past 30 days, particularly following KuCoin’s introduction of the BONK/USDT buying and selling pair.

The cryptocurrency market has as soon as once more flashed inexperienced right now (November 29), with most digital belongings charting substantial good points.

One of many tokens standing out as a high performer is Solana (SOL), which has jumped by over 8% (per CoinGecko’s information) on a 24-hour foundation.

One purpose behind the asset’s renewed rally might be the prevailing bullish sentiment round it and its spectacular value efficiency prior to now few months. Recall that SOL has skyrocketed by 80% prior to now month, reaching nearly $70 at one level.

One other issue might be the value surge of the Solana-based memecoin Bonk (BONK). As CryptoPotato reportedthe token soared 12% yesterday (November 28) following the information that crypto alternate KuCoin launched the BONK/USDT buying and selling pair.

The memecoin has risen one other 17% for the previous 24 hours, being a whopping 600% up on a 30-day foundation.