"Is this the beginning of success for SOL or just temporary happiness?"
Cryptocurrency Solana (SOL) has finally seen a surge in price break through the $11 level after its market cap dropped over $1 billion in the last seven days ahead of 2023.
Through observation, SOL which managed to climb by 12% has been the cause of its total value recovering at $4 billion and the market capital of the digital asset at $500 billion.
The surprising incident reportedly happened when the founder of Ethereum (ETH), Vitalik Buterin revealed that the future of SOL will find success due to the presence of a community of developers of the digital asset that will redevelop its ecosystem.
Buterin also expects the SOL community to gain multiple benefits when the reforms are implemented, he commented on his Twitter account.
Following the new memecoin on the SOL network dubbed BONK has seen huge growth lately, most investors are already beginning to believe that the digital asset is capable of further growth in the future.
Please note that BONK is up around 135% while its trading volume has surpassed other cryptocurrencies.
According to Austin Federa, Head of Strategy and Communications of the SOL Foundation will give full support to the dog-themed crypto project that is able to create a competitive payment method in different markets.
