Solana's price surged to $200, marking a significant milestone after seven months, coinciding with Bitcoin's rise to a new all-time high of $76,677. This increase in Solana, which represents an approximately 18% gain over the past week, is driven by optimism regarding the approval of spot ETFs under a potential Trump administration. Meanwhile, Bitcoin's growth, recorded at 9% over the same period, can be attributed to a positive market reaction following Donald Trump's Election Day victory. Solana's current valuation is still about 23% lower than its peak of $260 in November 2021. The enthusiasm for Solana is fueled by expectations that it may soon be distinguished from securities regulations, particularly after the SEC's classification of it as an unregistered security during President Biden's administration.

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