SOL, the top-performing blue-chip cryptocurrency lately, surged 54% in the past week.

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SOL, the top-performing blue-chip cryptocurrency lately, surged 54% in the past week.

Solana has surged 16% in the past 24 hours and 54% in the past week, making it one of the best-performing blue-chip cryptocurrencies recently. Even Cathie Wood has come out to say that Solana is faster and cheaper than Ethereum!

Solana's Recent Buzz

Solana has been making headlines recently:

  • VanEck released a lengthy report bullish on Solana, boldly predicting a target price of $3,211 by 2030.
  • The Solana ecosystem is thriving, with the largest aggregator protocol, Jupiter, preparing for an airdrop.
  • The AI project Render Network (RNDR) has upgraded to the Solana network.
  • Cryptocurrency research firm Delphi Digital analyzed four technical developments of Solana, stating that the SOL ecosystem has indeed improved.
  • Solana's founder declares a rebirth through fire.

Even Cathie Wood has joined the conversation!

Cathie Wood: Solana Faster and Cheaper than Ethereum!

Ark Invest founder Cathie Wood, in an interview with CNBC, stated:

"Solana is performing very well, it's faster and cheaper than Ethereum!"

Top Performer in Blue-Chip Stocks

Solana has surged by 16% in the past 24 hours, 54% in a week, and an impressive 176% in the last month, making it the best-performing blue-chip cryptocurrency recently, surpassing the top ten market cap cryptocurrencies. Even BitMEX co-founder Arthur Hayes couldn't resist jumping in to buy!

Anatoly Yakovenko, founder of Solana, pointed out that about 20% of Solana projects had received investments from FTX or Alameda Research, with 5% of projects still holding assets at FTX. Fortunately, most projects seem to have survived!

SOL has successfully moved past the shadow of FTX's bankruptcy, but it still seems a ways off from its previous high of $259, with SOL trading at $66 at the time of writing.

Source: TradingView