Solana Has Captured Its Place Into Top 16

Solana Has Captured Its Place Into Top 16
  • SOL surpassed Bitcoin and Ethereum on Sunday.
  • Solana with a total market capitalization of $13.2 Billion.
  • Solana raised 24% within 24 hours of time.

Solana(SOL) has boomed to new heights on Sunday for $52.60, surpassing Bitcoin(BTC) as well as Ethereum.

Solana is a blockchain that is fast, secure, and resistant to censorship, and it provides the open infrastructure required for global adoption.

SOL has raised 24% within a 24-hour trading cycle, which represents a new all-time high. Besides, the first conclusive break above the psychological $50 level.

Currently, total market capitalization for SOL is $13.2 billion, where it all started at the price of $1.51 this year. This new all-time high has merely bought about 3100% gain in 2021 alone.

Moreover, SOL was surpassing Bitcoin and Ethereum on sunday,while both of the largest cryptocurrencies remained the same.

SOL was up 24% in comparison to Bitcoin and 28% in comparison to ETH in the previous 24 hours. Meanwhile, Ethereum was 3.2% down on Sunday.

Start of Solana’s Rapid Growth

Following the launch of Solana’s Hackathon, it reached heights which began on May 15, 2021. In addition, this hackathon has enticed over 10,000 registration for the event.

The hackathon will take place from May 15 to June 7. The event includes an all-star lineup of speakers and up to $1 million in global prizes and seed funding for participants.

Solana has seen its growth in crypto space in 2021, recently it loomed as one of the active blockchain platforms. Through the Solana Foundation grants programme, the network recently received $40 million in strategic investments to advance its protocols and decentralized applications. Since March, Solana saw the launch of over 50 market-ready projects, with a big focus on DeFi applications.

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Cryptocurrency and blockchain tech interest has enticed Carolyna to write for NewsCrypto. She made her personal mission to help non-crypto geeks to understand the technology with ease.