I was out walking in the forest yesterday together with a group of friends. Nobody cares much about cryptocurrencies in that group, but there is one person who has bought some Dogecoin and Solana, just because he believes those tokens might have a future!
I remember speaking about how the average cryptomarket has been falling in the last couple of days, but that Solana was still going strong. I told him that Solana was at $175 during our walk, even though it had been higher a few hours earlier.
Source: Bing Designer
After our 5km walk, we played some football, and as I got into the car to travel back home, I noticed how Solana suddenly had reached $190. That was fun. And that was in the midst of a time when Bitcoin and Ethereum struggled and couldn't really pump or do any positive adjustments to the price.
It is interesting to see how Solana often makes a path for itself. We saw it last autumn as the price went from $25 to $100, in a time when the rest of the market was quite passive and not much happened. Is Solana once again on a move? This time it has managed to bring a couple of other L1 networks along, meaning that Avalanche and Fantom have performed well in the last 24 hours, but it is clear to me that Solana is the champion at the moment.
Why is Solana so popular and the token so hyped? What do you think?