The price of the Solana token jumped Wednesday amid an ongoing rally in altcoins and bullish remarks on the token from famed tech investor Cathie Wood.
It has nearly tripled in price in the past month.
"Ether was faster and cheaper than bitcoin [back] in the day – that's how we got ether.
Activity on Solana has been growing all year, particularly in liquid staking protocols like Jito, according to data provider Kaiko.
Solana is up about 510% this year and has been one of the best performing cryptocurrencies of 2023.
Persons:
Cathie Wood, Solana, CNBC's, Wood, altcoins, outpacing, Polygon's, XRP, bitcoin, Mikołaj Zakrzowski, blowup, Sam Bankman, Fried
Organizations:
Ark, CNBC, CNBC PRO, Solana
Locations:
altcoins, Solana