Solana Leaves The Rest Of The Crypto Market Behind – Keeps Climbing

Solana is outperforming the top 10 crypto market, and has been making significant price surge in the last twenty-four hours.

Solana grew nearly 13% overnight to hit a new all-time high price of $95.10, according to CoinMarketCap, and is currently trading at $92.68.

The project calls itself as a much more efficient blockchain than Ethereum. It currently hosts about 1,458 transactions per second to Ethereum’s 15, and each costs a fraction of a cent compared to Ethereum’s sky-high fees.

Solana has been hitting new all-time highs all week. On Thursday night alone, the cryptocurrency grew 23%. Since mid-August, Solana has enjoyed temporary spells in the top ten cryptocurrencies by market capitalization. It’s now back in the top 10 rank sitting at 9th place.

Solana’s rally may have been received a push from the news that digital asset manager Osprey Funds beat out industry titan Grayscale to prepare a Solana investment product. The Osprey Solana Trust registered with the U.S. Securities and Exchange Commission (SEC) on Tuesday. 

Other notable Altcoins that made gains in the daily chart were Internet computer (ICP) that climbed 9% currently trading at $65.9 and Terra (LUNA) that rose 5.34% in 24 hours, trading at $33 at the time of writing.