SOL (Solana) down 14.41% in the past 24 hours

Gate News Bot Message, February 6th, According to CoinMarketCap data, as of press time, SOL (Solana) is trading at $77.90, down 14.41% in the past 24 hours, with a high of $118.87 and a low of $68.69. The 24-hour trading volume reached $13 billion. The current market capitalization is approximately $44.146 billion, a decrease of $7.434 billion from yesterday.

Solana is a leading high-performance blockchain network globally, dedicated to becoming the capital market for global assets, providing infrastructure for internet capital markets, payments, and crypto applications. As a rapidly growing and leading financial platform, Solana has become the preferred choice for startups and enterprises, with the most users, the most developers, the highest trading activity, and the strongest real-time processing capabilities. Global institutions such as Western Union, Visa, and PayPal are building applications on Solana. To date, Solana has processed over 350 million monthly transactions, with a trading volume of $3.3 trillion, application ecosystem revenue of $3.4 billion, and 50 million active monthly addresses.

Recent important news about SOL:

1️⃣ Long-term price target revision reflects market expectation adjustments Market analysts are optimistic about SOL’s long-term development prospects. Some analysts maintain the expectation of surpassing $2,000 by 2030, but have also lowered the short-term target for 2026. This adjustment in expectations reflects the market’s recognition of recent price corrections and confidence in the project’s long-term fundamental value.

This message is not investment advice. Please be aware of market volatility risks.