- The SOL token has gained 10% in the last 24 hours
- Solana’s consistent price ascent has been accredited to its recent collaborations with notable gaming industry experts.
Solana, one of the most popular and sustainable cryptocurrencies in the market, has surged 10% in the last 24 hours. Despite facing intense market volatility and turbulence, Solana continues to soar ahead and is currently trading at $102.65 at the time of publishing.
Solana Gains 10% In The Last 24 Hours
Solana, which is accredited as one of the most scalable and sustainable cryptocurrencies in the market, continues to surge ahead and has gained nearly 10% in the last 24 hours. The notable price ascent came in shortly after the news of Solana collaborating with Krafton went viral on social media circuits which ended up positively impacting the prices of SOL.
Solana has been one of the most popular choices for gaming networks to collaborate and form gaming partnerships with. Owing to its sophisticated features and energy-conscious mechanism, the blockchain has acquired massive traction in recent times and continues to dominate the global financial indexes. In its bid to expand its services, Solana is all set to partner with Krafton, publisher of the famous PUBG game to work on blockchain-based games and services.
As per the official press release, Krafton added:
“Solana is the world’s most performant blockchain. It gives developers the confidence to build for the long term by delivering predictable scaling without compromising security or composability. Solana’s performance is driven by a single global state, which is capable of processing tens of thousands of smart contracts at once, and by Proof of History, a distributed clock that unlocks low-latency, sub-second finality across the global state.
Apart from Krafton, various prominent Web3 companies are coming forward to launch projects on the Solana blockchain. Recently Block tackle, a Web3 gaming company announced its partnership with Solana to work on an NFT skateboarding game. Moreover, crypto exchange Coinbase also deepened its ties with SOL by adding Solana token support to its wallet browser extension.
Apart from mainstream collaborators, Solana’s tremendous popularity quotient is gaining momentum each day and is compelling several other industry experts to team up with SOL. Recently a nonprofit organization The Giving Block added support for Solana stating that they will now allow donors to donate to nearly 1400 charities in SOL.
Moreover, Solana was recently allotted a 24% share in Grayscale’s smart contract fund, a non-ethereum altcoin fund focusing on seven major blockchains including Solana.
Being a proof of stake cryptocurrency Solana is also termed as “ethereum killer,” owing to its cost-efficient fee structure and rapid processing of transactions. Moreover, Solana’s popularity in the NFT domain is unmatched since the blockchain offers cheap transaction fees as compared to other networks. In terms of transaction processing, Solana is capable of processing 65,000 transactions per second which adds more to its growing popularity.
The SOL token is up by 3.11℅ at press time and is currently trading at $102.65.