In the past 24 hours, the price of Solana (SOL) has jumped by over 36%. At press time, SOL registered itself as the biggest jumper of the top ten cryptocurrencies on the market. Even assets like Chainlink (LINK), Polkadot (DOT), and Dogecoin (DOGE) all climbed lower than SOL did.
Currently trading at $65, SOL is the market’s 10 largest crypto asset by market cap. Its 24-hour increase has now dropped to 24.29%, even though it is still trading in green. Over the last 7 days, SOL has jumped more than 64%.
At 64%, its 7-day jump is also higher than other coins in the top 10. The second-largest jump was XRP at 50%, followed by Cardano (ADA) at 44% and Dogecoin (DOGE) at 28%.
Since it cut through its downtrend back in July while trading at $27, the asset has been in an uptrend.
Solana is an open-source project that uses blockchain technology for decentralized finance (DeFi) solutions.
Generally, interest in the crypto sector has considerably increased. According to a recent KPMG report, investors playing in the cryptocurrency and blockchain sector increased their portfolios to $8.7 billion. In comparison to the $4.3 billion total for the entire 2020, this is a 100% increase.
Image Credits: Pixabay
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