Solana's SOL token has experienced a remarkable 15% surge in the last 24 hours, reaching an impressive 20-month peak at over $88.

This surge has propelled solana to become the fifth-largest cryptocurrency, boasting a market capitalization exceeding $37 billion and surpassing Ripple's XRP. The surge is attributed to the thriving Solana ecosystem, marked by high trading volumes, a growing number of daily active users, and substantial NFT sales. Notably, Solana has outpaced Ethereum in NFT sales volume over the past week.

Despite this growth, caution is advised against succumbing to FOMO (Fear of Missing Out) among investors. However, analysts such as Crypto King and Jacob Canfield maintain a bullish outlook, suggesting potential future values of $300 and $1000, respectively.