Looking at SOL’s technical performance gives us room to believe that it is a top crypto to buy for the long term. The asset trades at $207.20, with weekly gains up 31.79%. This rally puts it on the sixth spot on the most valuable crypto ranking. SOL has surged in value, moving up to 644% in the past 90 days and 9.26% in the last 24 hours. Public voting for the IGNITION Hackathon is now open.
🔥 $5 million in prizes and seed funding. The number of teams on the protocol is expected to grow more with future adaptations. According to data from DeFi Llama, over $13.51 billion worth of assets is currently circulating in the Solana blockchain.Īlso, the platform’s IGNITION initiative is paying dividends, with over 500 projects so far recording their interests in the Hackathon. The facilitator has since seen several dApps launch on its platform, pushing its total valued locked (TVL) up. These developments have made Solana a favourite as teams seek out more sustainable and low-cost decentralised applications (dApps) platforms. The remarkable rise of SOL has been fueled by the ire among crypto critics about the high energy consumption of the Bitcoin and Ethereum networks, the subsequent block finality lag time and high gas fees. The Solana blockchain has been on an impressive climb recently. This article explores some of the top crypto to buy at the end of October 2021. This rally has seen several large and small-cap cryptocurrencies post-double-digits in the past week.
The crypto bulls are back in full force following a significant uptick in the crypto market.
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