Is Solana Still a Buy After Jumping 11,000%?

Last year was a major one for cryptocurrency. The world's biggest player, Bitcoin, surged past $60,000. The cryptocurrency market as a whole reached a value of $3 trillion. And young cryptocurrency players climbed the market value ladder as they gained investors and users. A good example of this is Solana (CRYPTO: SOL). This cryptocurrency soared more than 11,000% last year. And it is now the world's sixth-biggest cryptocurrency by market value.

Now, with thousands of cryptocurrencies out there, though, it's reasonable to ask whether such big gainers will continue to climb -- or if the crowded market will weigh on their ability to stand out. Here, let's take a look at Solana and see whether this 2021 winner still is a buy.

Image source: Getty Images.

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Source Fool.com