Lately, Solana (SOL) has been turning heads in the crypto world. Its price is on a roll, carving out a significant portion of the DeFi scene for itself. On January 30, Solana (SOL) notably surpassed the $100 milestone for the first time in 2024, signaling strong market sentiment and potential for further growth. This owes much to the buzz over growing DeFi activity and excitement for the expected Jupiter airdrop which could further boost its worth.
However, the broader crypto market faced a downturn shortly after, following statements by Fed Chief Jerome Powell hinting at delayed rate cuts, leading to a 12.5% drop in Solana’s (SOL) price from its peak. But even despite recent market setbacks, Solana (SOL) captured over a quarter of the DeFi market share in January, proving it’s a growing force to be reckoned with.
Solana (SOL) isn’t just holding its own in the DeFi race; it’s overtaking giants like Ethereum, with traders flocking to SOL amid a surge in network activity. Positive specul
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