Grayscale Investments announced its latest cryptocurrency -based investment product, Solana (SOL) in its latest tweet yesterday:
The digital asset class is growing, and we’re expanding our offerings along with it! Gain exposure to $ SOL, the native token of the @Solana network, through new Grayscale #Solana Trust. Learn more: https://t.co/QiT6u0xI7h pic.twitter.com/KAxRZAriRl
- Grayscale (@Grayscale) November 30, 2021
The exciting announcement pushed the SOL price up nearly 7%, to a daily high of $ 218.04.
At the same time, SOL exhibited positive movement since November 28 with a nearly 21% jump from the $ 180.50 level.
Investors expect SOL to hit a new all -time high (ATH), $ 300 in the near future following the announcement from Grayscale.
According to analysts, the SOL movement depends on the entire Solana ecosystem covering all aspects including total locked-in value (TVL), non-fungible token (NFT), and announcements.
Grayscale is impressed with Solana’s remarkable growth over 2021 as an Ethereum (ETH) competitor.
It is said that this ecosystem has managed to attract over 500 projects related to decentralized finance (DeFi), NFT, Web 3.0, and more. To date, Solana accommodates 1.2 million active users and one of them is the decentralized derivatives exchange, Serum.
However, when SOL writing traded at $ 214.94, it was up over 3% in 24 hours.
