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Solana to debut in the G4 of the crypto market

Industry News

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Solana keeps impressing the crypto community with new records. The digital currency reached its new all-time high at $260.06 which let the asset debut in the top-4, according to the Coinmarketcap ranking. With the overall capitalization of $73 billion, Solana left Tether and Cardano behind, testing brand-new heights for the cryptocurrency. The next goal is BNB with a market cap of $106 billion.

Solana is among the most fast-growing crypto assets. Since the beginning of 2021, the SOL price has skyrocketed from $1.8 to $244.4 – the growth is 13577%.

The explosive growth is explained by the dynamic development of the Solana ecosystem. Earlier, Solana Ventures announced the upcoming investment of $100 million into gaming and technological projects.

According to Paul Veradittakit, Pantera Capital investor, “Solana is the main competitor for Ethereum and Cardano from the viewpoint of opportunities for developers.”

Furthermore, the Finder survey shows that the crypto community expects to see the Solana price at $5000 by the end of 2030. The experts highlight scaling and staking support among the core pros of Solana.

Solana came into existence in 2018, as a platform for creating smart contracts that solved the vast majority of existing problems related to other likewise solutions.

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