SOL, the native token of Solana, has demonstrated exceptional performance once again, surpassing all other prominent cryptocurrencies in the market.
The proof-of-stake blockchain platform had a notable increase of nearly 18% in value on the day after remarks made by Cathie Wood, the CEO of Ark Invest, who highlighted the robustness of the Solana network.
Solana has experienced a significant upward trend during the year, which some experts have interpreted as a price correction following a prolonged period of undervaluation.
According to Coingecko, there has been a significant increase of over 50% in the past week. The value of the token has experienced a significant increase of over 340% throughout the current year.
Speaking on Tuesday’s “Squawk Box” with CNBC, Wood praised Solana’s impressive performance. Reflecting on the past, she noted that Ether surpassed Bitcoin in speed and cost-effectiveness, leading to its prominence.
Solana Is Performing Well, ARK Invest CEO Says
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