Analysis

Solana looks to move back into top 10 as SOL gains 36% over past week

Haru Invest

Solana (SOL) seeks to maneuver again into the highest 10 cryptocurrencies after quickly flipping Polygon market cap on Jan. 14.

Sentiment surrounding SOL has swiftly shifted from bearish — in mild of builders leaving Solana — to bullish as SOL worth rose by greater than 36% over the past seven days. The numerous worth restoration quickly pumped Solana again into the highest 10 — flipping Polygon.

Vitalik Buterin aided in bolstering SOL restoration momentum on Dec. 29, 2022, by posting a supportive assertion on Twitter.

“Some sensible folks inform me there’s an earnest sensible developer neighborhood in Solana, and now that the terrible opportunistic cash folks have been washed out, the chain has a vibrant future.”

On the time of the assertion, SOL worth was roughly $9.70 on Dec. 29, 2022. Following the pump over the subsequent two weeks main as much as Jan. 14, SOL worth greater than doubled to $22.35 — as of press time.

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