3 Reasons Solana Soared 5% Today, and 1 Reason Investors Are Cautious

The rather bumpy ride continues for Solana (CRYPTO: SOL), one of the top 10 cryptocurrencies by market capitalization. Today, this volatility is to the upside, with the popular proof-of-stake network seeing its native SOL token rise 5.1% over the past 24 hours, as of 11:40 a.m. ET. 

Today, the Solana team announced a rebranding of its NFT analysis website, from Solanalysis to Hyperspace. This rebranding came alongside an announcement that this site has raised $4.5 million in seed financing, growth capital the Solana team hopes will drive growth with this network's NFT ecosystem.

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Source Fool.com