The Ethereum killer has been leveling up and heading an impressive rally on the charts. The altcoin has been eating up market shares of several fellow coins in the industry. The month of November has been Moonvember for the digital coin. As it imparts significant impetus to SOL’s price rally. Meanwhile Brave announces an alliance with Solana amidst the ongoing conference.
Solana’s Impeccable Growth
The digital asset has surpassed Tether in terms of market cap, and now holds the fourth position as per CoinGecko. Solana has been the go-to network for NFTs after Ethereum. According to some sources, the total market cap of NFTs built on the Solana network is nearly $1billion. The robust protocol offers faster transactions at lower costs, which is enticing NFTs and Dapps to drive in.
The ongoing Breakpoint 2021 Lisbon conference, is turning out to bring significant value to the blockchain. As Brave announces alliance with Solana, to integrate it into the browser and make it the default for DApp support.
The alliance aims at bringing the best-in-class wallet features for the Solana blockchain into Brave’s Web3 desktop and mobile browser. Brave’s 42 million monthly active users and 1.3 million verified creators, could impart vital value to the network.
SOL Price Inching Closer To The Moon?
The Ethereum killer at press time is trading at $246.10 with gains of 1.0%. While the market cap is around $74,462,494,078. The trading volume for the last 24-hours is about $2,759,623,489. The fourth-largest crypto had hit an ATH of $259.96, on the 6th of November 2021. Which falls short by 5.4%. The $300 valuation, seems achievable in probably a fortnight’s time, considering the current statistics.
Solana is leading an impressive leg-up claiming newer positions, despite the odds. Moreover, the protocol is a major catalyst towards the acceptance and adoption of the network. However, the third position by market cap seems a distant site from the current condition. The network would need a major catalyst to help it propel to the third position.
Source: https://coinpedia.org/price-analysis/solana-price-gearing-up-to-enter-the-top-3-cryptos/
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