What Sparked a 20% Surge in SOL’s Price? 🚀
Solana's #SOL has seen a 20% recovery since September, partly due to improved fundamentals.
It faced turbulence after the sale of $1.3 billion in SOL from bankrupt FTX, but the #liquidation is being carefully managed.
Confidence grew as SOL reestablished $20 support and upgraded to v1.16, boosting it by 16%. DApps and NFT activity surged, with SOL surpassing Ethereum in active addresses.
It's gaining traction in the NFT market due to cost-efficiency. Solana briefly surpassed Polygon in NFT sales but faces competition from Ethereum's #layer-2 solutions.
The recent network upgrade enhances privacy and security. Ethereum's ecosystem still dominates investor attention.
