#A.major.digital.currency is witnessing a meteoric rise, increasing more than 10-fold in record time.
_The popular cryptocurrency, #Solana , SOL/USD, broke the $100 barrier on Saturday, regaining a price level not seen since the eve of the #Terra.cryptocurrency collapse a year and a half ago. At press time, Solana is worth approximately $111.85. Its value increased more than tenfold in 2023, with an increase of 1021%, and rose by more than 90% on a monthly basis, according to data available on the Investing Saudi website.
Saturday's price action capped weeks of frenetic trading that â at least temporarily â catapulted the Solana blockchain to the top of the leaderboard for on-chain activity. Much of these gains are driven by strong bullish speculation for cryptocurrencies over the coming year. Some of the most popular crypto assets being traded on Solana currently are âdogâ themed meme coins. Solana is a smart contract platform that supports fast and cheap cryptocurrency transactions. It has been compared to Ethereum, which despite Solana's rise, remains the most popular and popular place for cryptocurrency traders to trade on-chain. This comes in conjunction with the rise of the most famous digital currency in the world, Bitcoin, by more than 160% during the year 2023, which is about to end, as its market value now amounts to about 845 billion dollars.
$SOL
