Solana performs well like Bitcoin. The cryptocurrency is getting closer to its ATH.

While BTC hits a new price record every week, most other cryptocurrencies are struggling to take off. Yes we have seen increases but none of them except for some Memes coins could not copy the performance of the star of cryptocurrencies. Some assets have nevertheless achieved very good scores. This is the case of Solana with an increase of 84% since the beginning of October this year.

With such results, the new competitor of Ethereum can hardly see the possibility of beating its 2021 ATH. Indeed, with a price around 240$, the goal of 260$ is not far off. If this hypothesis is true, Solana will enter a discovery zone.

An ecosystem that remains to be perfected. Solana is fast and secure but the number of projects and developers on its blockchain remains low compared to the Ethereum network. However, things are changing gradually. Solana also benefits from much lower network fees than these competitors which encourages smaller projects and projects requiring micro transactions like sweat economy for example. Memes are particularly fond of the network. A new price record seems more than likely. Caution however if this market comes to fall, it could lead solana down.