Solana SOL/USD is a third-generation blockchain network that facilitates quick transaction output and has its own decentralized applications (dApps) ecosystem.
It has seen massive growth throughout the year and has managed to achieve a new all-time high point.
Solana developments, partnerships, and new projects as catalysts for growth
On October 29, we saw Crypto.com’s integration on the Solana blockchain, which allowed for faster, cheaper, and safer transfers for USDC.
On November 7, we saw the introduction of Orcanauts, a cute NFT project that launched on the Solana blockchain. This introduced 10,000 unique Orcanauts, where each of them is unique in its own way.
On November 8, Render Network announced a partnership with Solana and Metaplex. The future of the Metaverse will be on the Render Network, according to the tweet.
Furthermore, Kin also launched new apps, games, and marketplaces in the Solana NFT space.
Kreechures is the first generative collectible NFT role-playing game to be minted on Solana. Then there’s Shiny, which is a new app that lets users exchange, buy, and Sell Solana NFTs using Kin.
All of this allows the Kin Ecosystem of apps, developers, and brands to award audiences that interact with NFTs.
Each of these developments, partnerships and new projects have contributed to the growth of the SOL token.
Should you buy Solana?
On November 8, Solana (SOL) had a value of $244.44.
To get a better perspective as to what kind of value point this is for the token, we will be comparing it to it’s all-time high value as well as its value in October.
In terms of the all-time high value, Solana (SOL) reached its newest ATH point of $259.96 on November 6. Here we can see that the token was just $15.52 higher in value or by 6% at its all-time high value.
When we look at the performance in October, we can see that on October 12, SOL had its lowest value point of $138.74.
Its highest value point was on October 25, when the token reached a value of $218.47.
Here we can see that the token jumped in value by $79.73 or by 57%.
From October 25 to its ATH, it jumped by another $41.49 or by 19%.
Based on this, we can expect the SOL token to reach a new ATH value of $265 by the end of November, making the token a solid purchase.
The post Is Solana worth buying after its latest all-time high value? appeared first on Invezz.
from Market Analysis – Invezz
