Recent developments on the Solana blockchain network have led to increased activity among developers, which is seen as a positive sign for the cryptocurrency, causing the cost of Solana to skyrocket in recent days. According to data from cryptocurrency aggregator Lunar Crush, social mentions of the alternative option coin called "Ethereum Killer" increased in the first month of XNUMX, signaling a growing popularity in the cryptocurrency community.
This renewed interest in Solana has also translated into an increase in daily active portfolios, which are now 3 times higher than they were before the FTX crash in November. The network has recovered from a drop in activity and cost since the FTX crash, but appears to be on the rise again.
It also seems that the recent increase in the cost of Solana can not only be attributed to increased activity among developers and users, but also to a new addition to the Solana ecosystem: the launch of the BONK meme coin. Inspired by the popular Dogecoin, BONK has rehearsed a massive rally of over 0,000004873759% in the week since its launch, reaching its all-time high of €XNUMX on January XNUMXth.
At time of writing, the cost of SOL is €16.23. Can the cryptocurrency sustain its momentum and skyrocket twice over €30?