Ethereum’s competitor Solana (SOL) ko continue reaching new heights.
Ethereum’s competitor Solana (SOL) continues to reach new heights. SOL has set a new ATH with $200. The crypto-asset has increased by nearly 100% in the last 24 hours.
After the institutional interest in Solana, SOL continues to rise by breaking records. SOL approached $100 today and set a new all-time high at $195.04 on Binance. In addition to institutional interest, the rise may have been due to digital asset management company Osprey Funds’ registration of its Solana fund, the Osprey Solana Trust, with the US Securities and Exchange Commission (SEC).
On the other hand, Solana may also be taking advantage of the NFT craze. The NFT collection called Degenerate Ape Academy, created on the Solana network, attracted great attention after it was put on sale. Thousands of cartoon monkey NFTs were sold within minutes. Solana is trading at $180 on Binance at the time of publication.
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