Solano has finally managed to become one of the top 10 cryptocurrencies. This impressive market cap ranking comes after it had a week-long gain of 72%.
While cryptocurrencies like Ethereum and Bitcoin are on the investor’s radar constantly, Solano has been gradually picked up by the investors. Its bullish run in the past week has managed to make headlines.
According to the data provided by CoinMarketCap, Solano is no. 2 on their list of top 100 gainers of the past week. During the press time, this decentralized computing platform’s native token, SQL, was trading above $68 after its week-long gain of 72%. Overall, Salona has had an impressive year. At the start of the year, the digital asset was trading at under $1.85. Currently, it is priced at over $68 which shows a staggering 3600% gain this year. However, up until a week ago, SQL was trading at $38.95. It rose to $41.41 on 12th August and $43.65 by 13th August. By 14th August, it climbed to $44.04 which led to the post posting more gains by the end of 15th August at $52.95.
Solano’s solution utility is finally in the limelight. A few weeks ago, a high-speed decentralized exchange, Mango markets, powered by Solano was able to raise $70 million in crowdfunding. Also, the Solano Foundation has launched its Wormhole 2.0 update. This is an interoperability protocol enabling communication among the high-value blockchains. It will allow top blockchains like Binance Smart Chain, Terra, and Ethereum to benefit from the high speed and low cost of Solano.