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Why Solana Is Moving Higher Right Now

TheMotleyFool

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The value of cryptocurrency Solana (CRYPTO: SOL) continues to move higher on Thursday afternoon, although the momentum that started yesterday has slowed some. Solana popped on news of a $150 million gaming fund, and as of 3:40 p.m. ET, is up 1.9% in the past 24 hours after being up as much as 4.7% in that time.

Solana had a big day on Thursday with the announcement of a non-fungible token (NFT) from former first lady Melania Trump and, later in the day, word of a new app from Michael Jordan on the platform. The basketball legend and his son Jeffrey have announced the Heir app, which aims to connect athletes with supporters.

Image source: Getty Images.

Source Fool.com

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