Solana (SOL) again displayed a sustained movement to offset the decline recorded since the second week of September and most of the week in October with a jump of over 50% in a week.
On Friday, SOL approached an all -time high (ATH) ever recorded on September 9 - $ 214.96, touching $ 213.78.
At the time of writing, SOL is back trading at $ 200.24 with a 1.43% jump in 24 hours. This makes SOL only need a jump of almost 7% to record the latest ATH.
The factors that led to this sharp increase stemmed from several network announcements, including the IGNITION Hackathon general voting which took place on 31 August - 8 October 2021.
Solana can be said to be an accurate picture of Ethereum’s ‘killer’ as it managed to attract project dumping with its network advantages and may be able to trim Cardano’s (ADA) position.
Year-to-date (YTD) records show ADA earned a profit of over 1,936%. While SOL recorded a higher price jump with a rate of 10.868%.
While SOL recorded a price jump of up to $ 200 from $ 1.49 on January 1, ADA only recorded a modest price movement starting from $ 0.17 to $ 2.14. While Ethereum (ETH) recorded a jump of up to $ 4,132 from the lowest price of $ 714 with a jump of over 500%.
