Cryptocurrency

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

Hull Invest

Solana (SOL) is trying to return to the top 10 cryptocurrencies after temporarily reversing Polygon’s market cap on January 14th.

Sentiment surrounding SOL quickly changed from bearish to bullish as the price of SOL rose by more than 36% over the past seven days. A significant price recovery saw Solana temporarily return to the top 10 and overthrow Polygon.

Vitalik Buterin posted a supportive statement on Twitter on December 29, 2022 to build momentum for SOL’s recovery.

“Some sensible people tell me that Solana has a serious and sensible developer community. And now that the terrible opportunistic money people have been washed away, the chain is bright There is a future.”

At the time of the statement, the price of SOL was approximately $9.70 as of December 29, 2022. Following his next two-week rally through Jan. 14, SOL’s price more than doubled to $22.35.

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