Solana, a once-promising cryptocurrency, has seen a remarkable rebound in 2023.
The price of SOL has more than doubled this month, rising more than 58% to $23.70 in the last seven days, and the trading volume for Solana has also seen a significant increase.
Solana’s value had previously collapsed over 80% over the course of last year, and less than a month ago, SOL was closing out the year down 94 percent, hitting a two-year low of $8.17 and dropping out of the top twenty coins.
Due to this recent surge in value, Solana briefly bumped Polygon MATIC out of the top ten cryptocurrencies by market cap and is now at its highest point since the collapse of FTX. The recent surge in value and trading volume is a positive sign for the future of Solana.