The altcoin market has been exploding citing the spot Bitcoin ETF approval by the SEC.
Earlier this week Bitcoin touched the $47000 mark for the first time since April 2022.
Solana touched the $100 mark for the first time since April 2022. The DApp-creating platform has gained massive popularity and user base since its launch in 2020.
Solana stands on the top 5 cryptocurrencies with a market cap of over $44 billion, at press time.
Solana is the biggest altcoin after Ethereum and users have been moving to its platform to build Dapps and web3 projects.
Traders love to trade Solana and at press time its 24-hour trading volume across all exchanges stands at $4.08 billion, according to CoinMarketCap.
Just 12 months ago Solana was priced at $18 and since then the price has fluctuated. In June 2023, Solana had fallen to $12 and investors had lost hope in the project. However, the price of the cryptocurrency has bounced back and the prospects are looking great for the project Â