🚀 Attention! Solana (SOL) saw a 20% increase between September 28 and October 6. Was it thanks to Bitcoin (BTC) or other factors? Let's see:
- SOL price recovered after US court approved the sale of $1.3 billion in SOL.
- Update to version 1.16 boosted SOL token by 16% in 7 days.
- The increase in the use of decentralized applications (Dapps) and the volume of non-fungible tokens (NFT) also supported the rise of Solana.
- SOL seeks to establish support at $23 and consolidate itself as the fifth largest cryptocurrency (excluding stablecoins) by market capitalization, surpassing Cardano's $9.22 billion.
Solana has gained ground in the NFT market due to its efficient and scalable solution. In addition, the network update to version 1.16 brings improvements in efficiency, privacy and security. However, Ethereum's Layer 2 solutions remain strong competition, with higher total value locked (TVL) and activity than Solana.
Do you think Solana will continue to grow? Comment below! 👇
- SOL price recovered after US court approved the sale of $1.3 billion in SOL.
- Update to version 1.16 boosted SOL token by 16% in 7 days.
- The increase in the use of decentralized applications (Dapps) and the volume of non-fungible tokens (NFT) also supported the rise of Solana.
- SOL seeks to establish support at $23 and consolidate itself as the fifth largest cryptocurrency (excluding stablecoins) by market capitalization, surpassing Cardano's $9.22 billion.
Solana has gained ground in the NFT market due to its efficient and scalable solution. In addition, the network update to version 1.16 brings improvements in efficiency, privacy and security. However, Ethereum's Layer 2 solutions remain strong competition, with higher total value locked (TVL) and activity than Solana.
Do you think Solana will continue to grow? Comment below! 👇