Currently the world’s fifth-largest cryptocurrency with a market capitalization exceeding $ 62 billion, Solana has had a remarkable ascent in 2021. Having entered the year trading at less than $ 2, it hit an all-time high of $ 260 in early November, and now trades just north of $ 200.
SOL is the native token of the Solana blockchain network, and its skyrocketing value likewise reflects Solana’s growing prospects. The blockchain has increasingly gained plaudits for its robust transaction processing speed — with none other than Sam Bankman-Fried, founder and CEO of crypto exchange FTX, recently giving it the advantage over Ethereum. Should Solana continue to grow its presence, SOL holders could find themselves over the moon.