finbold.com
Solana (SOL) became one of the most talked-about cryptocurrencies of the current crypto market rally late in 2023 when it rapidly surged from about $20 at the tail end of September to above $120 in late December.
The surge in value led to a spike in interest and saw Solana show both remarkable strength and led to certain issues as highlighted by the fact that the network became congested with delays in communication between nodes of up to 40 seconds.
Despite this, the token continued gaining ground into 2024 and has – disregarding the mid-January drop that affected most cryptocurrencies in the wake of the approval of nine spot Bitcoin (BTC) exchange-traded funds (ETFs) – mostly been surging even surpassing $200 by mid-March.
Solana reaches 100 worldwide search interest
Along with the surge in price, Google (NASDAQ: GOOGL) trends also show that public interest in SOl has also risen to an unprecedented level with the technology giant’s metrics showing it has reached 100 worldwide, and in some regions for the first time ever.
Solana has seen, based on the data retrieved from Google Trends, its two recent heights of popularity around the New Year, and since the start of March – both coinciding with massive price spikes.
The highest spike in search volume took place in the period starting on February 17 and hit the maximum possible reading of 100 on March 17.
The previous search volume record was reached approximately three years ago in September 2021 when it stood at 84.
The big tech company’s data also shows that SOL is most searched for in Malta while there is also significant interest in Spain, Mauritius, Georgia, and the People’s Republic of China.
Despite breaking records globally, interest in Solana in the U.S. is still fairly limited with Google Trends showing a volume of 18.
Solana price chart
Solana’s recent performance does much to explain its recently-achieved peak of popularity as the token has done little else that rise in recent months. In the last 52 weeks, SOL rose 822.27%, and it is 98.49% in the green year-to-date (YTD).
Solana’s more recent performance is similarly impressive as it surged 88.86% in the last 30 days and is up 40.30% on the weekly chart. The latest 24 hours of trading also saw a rise of 7.64% to the press time price of $208.01.
Solana’s unrelenting trend seen since the end of September 2023 strongly indicates that the token is well on its way to reaching and surpassing its old all-time high (ATH) of approximately $260 touched in November 2021.
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