The sun might just be setting for $SOL’s competitors as Solana rides a bullish wave. Over the past 24 hours, $SOL has experienced an impressive 25% price increase, thanks to substantial updates in its network infrastructure. But the question remains: wn moon and can it stay there?
Network Upgrades Boost $SOL
On-chain enthusiasts would be thrilled to hear that Solana has rolled out a series of network upgrades aimed at improving scalability and transaction speed. These enhancements are expected to make the DeFi and NFT ecosystem on Solana more appealing, overshadowing older gen platforms like $ETH and $BTC. In terms of transaction speed, $SOL is racing ahead, potentially kicking laggy systems to the curb.
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Devs and Hodlers React
Crypto enthusiasts and developers have been quick to respond with excitement. Some speculate this boost marks the beginning of a long-overdue return to form for Solana. Yet, the blockchain has its skeptics who question sustainability, due to issues like network outages in the past.
Many hodlers are optimistic, tweeting about their dreams of a Solana moon landing. Whether or not this bull run takes $SOL to new heights, it’s clear that the network upgrades have instilled a wave of renewed confidence.
With rising developer interest and a snappy new infrastructure, will Solana’s chart pattern form the next cup and handle, or will it hit resistance too soon? As always, this will be a space to watch.
As I like to say, when coordination goes right on-chain, sky’s the limit. So, keep your eyes peeled and enjoy the ride, fam.
