Solana (SOL) hit a new high of $124 on Tuesday due to growing investor interest in the Ethereum (ETH) competitor’s platform, which also supports smart contracts needed for decentralized financial systems and non-fungible tokens (NFTs).
The token, which launched only 18 months ago, is the world’s eighth-largest cryptocurrency, with a market value of little more than $35 billion, based on CoinMarketcap.com statistics.
Crowd excitement and volume have reached record highs as weighted sentiment surpasses four deviations above its mean, according to data revealed by crypto on-chain social and fundamental insights website Santiment.
