Solana outperformed bitcoin, rising by 104% in just 3 months

Solana, a cryptocurrency created by Ukrainian developer Anatoliy Yakovenko, grew in value by 104% in just 3 months of 2023. According to analysts, SOL $259.30 Solana 1.56% Market capitalization $123.08 billion VOL. 24 hours $1.16 billion was the most efficient of the top 25 tokens and outperformed even bitcoin and ethereum in terms of profitability.

At the time of writing, Solana is trading at $ 20.26, and its capitalization exceeds $ 7.8 billion. SOL’s price was positively influenced by a report by Messari experts that the blockchain has retained its decentralized nature and become more productive.

In early April, Solana developers announced their intention to release an update that will reduce the costs associated with storing network data. Solana specialists are convinced that the update will be popular among startups launching NFT projects on the Yakovenko blockchain.

It is likely that the value of the digital asset will increase significantly on the eve of April 13, when sales of the Web 3.0 smartphone Saga by Solana Mobile developers will start. Users of the crypto smartphone will be able to trade cryptocurrencies with ease, and to confirm transactions, it will be enough to touch the scanner on the back of the device. «Smartphone owners will be able to trade tokens while waiting in line for coffee, issue NFTs while commuting to work, and get instant access to dApps anywhere and anytime ,» the developers said.

Earlier, the founder of the Solana blockchain, Anatoly Yakovernko, noted that smartphones would be the main reason for the mass adoption of cryptocurrencies. Simplified mobile cryptocurrency wallets can become an incentive for society to be more loyal to digital assets. «A wallet integrated into a smartphone is a great solution for the mass adoption of cryptocurrencies. It can help global economic freedom,» the developer believes.