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Can Solana Reach $100 Again?

TheMotleyFool

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Can Solana Reach $100 Again?: https://g.foolcdn.com/editorial/images/719692/computer-user-shocked-or-surprised.jpg

Solana (CRYPTO: SOL) is one of the fastest cryptocurrencies on the market. It's also one of the most volatile names in crypto at the moment. Solana's price soared to $260 per token in November 2021 before falling as far at $8.14 in the aftermath of the FTX meltdown.

Token prices are going up again, just above $23 per token on the evening of Monday, Feb. 6. Will this elusive cryptocurrency make it back to $100 any time soon?

Solana's greatest strength is its blazing transaction speed. Designed by a team of former mobile network engineers, the blockchain network is optimized for massive scalability and ultra-efficient use of resources. So Solana runs on a custom proof of stake network with a unique secondary system called proof of history.

Source Fool.com

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