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Solana is indeed extraordinary because it has such a rapid coin development like the Binance Smart Chain and what makes it different is that Binance has a phenomenal CEO, CZ and Solana, I don't know much about it.I'm sure Solana will give a different color in the future because the way Solana works is PoH or Proof of History which is different from other coins.
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Solana extends rally with another new high — Why is SOL price up by 70% in one
Solana (SOL) started Sep. 3 at a new record high as investors continued to bet positively on its success in the decentralized finance (DeFi) and nonfungible tokens (NFT) sector.
The SOL/USD exchange rate reached $146.28 for the first time in history, following a circa 35% month-to-date rally. The huge upside move lifted the pair's returns for the year above 7,500%, taking Solana's market capitalization over $41 billion to make it the seventh most valuable project in the cryptocurrency space.
Solana's run-up to record highs also brought overvaluation risks in focus, with a classic momentum indicator, the relative strength index (RSI), returning an overbought reading for the cryptocurrency. Above 70, the RSI suggested that SOL/USD could undergo a sell-off in the coming sessions, and that opening a long position on the pair could prove risky.
