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Solana has already attracted a lot of investments of several million dollars in 2018, tens of millions in 2019, and in 2020 already more than $200 million in investments. Such an amazing interest from investors can speak of the hidden potential of the SOL coin, which is now in the top 15, but capable of taking a higher place.
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Solana could be gearing towards $50 amid increasing market exposure
Solana (SOL) is among previously obscure cryptocurrencies that have surged in value in recent months correlating with the general market sentiments.
Operating as a proof-of-history blockchain, SOL attained an all-time high price of $54.23 on May 18 backed by the increasing utility for the platform’s ecosystem. After recording the recent low of $22.08 on May 23rd the token has surged 55.07% trading at $34.19 by press time. Solana’s investors continue to bet the blockchain will grow to challenge ethereum. Worth noting is that developers of Solana ensured the platform offers solid theoretical support for attaining greater value by deflation due to the high versatility as a utility token.
