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What Is Solana? All You Need To Know About The Ethereum Killer Before Investing
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ndtv.comEven if Solana has increased stunningly this year, crypto investments are extremely volatile.
Solana, a blockchain network that launched in 2020, is being seen by many as a competitor to Ethereum. The cryptocurrency has grown about 16,000 percent since January. At the start of this year, one SOL cost $1.51 (roughly Rs. 112) and Solana's market cap was around $86 million (roughly Rs. 639 crores). Today, it is trading around $241 (roughly Rs. 17,900) and has gained a market capitalisation of $73 billion (roughly Rs. 54 lakh crores), according to CoinMarketCap. This means people have invested heavily in the relatively new cryptocurrency that has become the sixth biggest by market capitalisation.
1) It has shown an extreme appetite to grow this
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