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Has Solana finally dissociated itself from FUD fears
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ambcrypto.comSolana [SOL], now ranked fourth by market cap, set another all-time high of $257 on 7 November. In fact, to many, it seems like SOL won’t stop for quite some time. In the last year alone, the crypto-asset has accrued over 11,216% ROI to its HODLers.
After Solana flipped Cardano to take the fourth spot, there were speculations that BNB’s third spot wouldn’t be held strongly for long too and, SOL could eventually take over. But, what contributed to this hike and how will SOL’s trajectory look?
Solana’s trajectory so far has been monumental. In fact, in just three months, the altcoin rose by 945.66%. While the NFT hype was a key driver behind SOL’s price growth, its utility and growth in the DeFi space have favored the uptrend.
In the last week
Read more on ambcrypto.comAbout this in other media
Top cryptocurrency prices today: Binance Coin, Solana, Dogecoin shed up to 6% economictimes.indiatimes.com /2 years ago
The power of cheap transactions: Can Solana's growth outpace Ethereum? cointelegraph.com /2 years ago
Top cryptocurrency prices today: Bitcoin, Ethereum, Solana add up to 3% economictimes.indiatimes.com /2 years ago
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