Why Solana Was Shooting Higher on Monday
It was a happy belated New Year for besieged token Solana (CRYPTO: SOL). A spike late Sunday night saw its price move above the psychologically important $10 level. It has stayed there since -- as of late afternoon Monday the cryptocurrency was trading nearly 13% higher across the preceding 24 hours. The token's recovery was due to the action of an unlikely rescuer.
In a somewhat holiday-induced delay, many investors were reacting to a tweet posted by Ethereum (CRYPTO: ETH) founder and leading light Vitalik Buterin. Last Thursday afternoon, Buterin wrote that "Some smart people tell me there is an earnest smart developer community in Solana, and now that the awful opportunistic money people have been washed out, the chain has a bright future."
"Hard for me to tell from outside, but I hope the community gets its fair chance to thrive," he added.
Source Fool.com
