Solana's native token, SOL, has experienced significant growth, rising 8% in the past 24 hours and 18% in the last week, according to CoinGecko data. This surge has led to SOL becoming the fifth-largest cryptocurrency by market cap, overtaking XRP, with a recent market cap of nearly $34 billion.

Analysts predict further increases for SOL, with targets ranging from $90 to $300, and an optimistic forecast up to $1,000. Crypto analyst Jacob Canfield recommends diversifying investments between Ethereum and Solana, likening it to investing in both Microsoft and Google, or Tesla and Ford.