SOL Goes Parabolic As Solana Exec Discloses Ultra-Bullish 2023 Strategy For Ecosystem

Austin Federa, head of strategy and communications at the Solana Foundation, has hinted at major development for the Solana network in 2023, igniting a major spike in SOL's price after more than three months in the doldrums.

Timeline of Solana

Solana price is one of the best-performing cryptocurrencies in the market, with gains exceeding 90% in 30 days, 133% in 14 days, and 62% in seven. It is as if the token, SOL needed a little push north to win back the hearts of investors who have been walking away amidst rumors of a dying network. In just a few weeks, Solana's value has jumped so that it's trading above the $20.00 level in reference to December lows of $8.01.

Solana's price doubled since the end of December, and bulls continue to be in control of the price action. Key Support levels: $20 Key Resistance levels: $27 SOL has managed to fully recover most of the drop that started in November 2022.

Solana (CRYPTO: SOL) is having an incredible comeback run in 2023 after seeing a dramatic decline of more than 80% in 2022.   What Happened: Solana gained 50% in the last seven days and, at the time of writing, was trading at $23, according to Benzinga Pro Data.

Key Points: After plummeting by more than 80% in the previous year, Solana is enjoying a spectacular year in 2023. According to Coinmarketcap, the price of SOL has more than doubled this month, climbing more than 65% to $23.9 in the previous seven days.

Solana flipped Polygon to be the 10th largest crypto asset by market cap, following a seven-day rally that saw it rise by over 70%. The post Solana Re-enters Top 10 Digital Asset With Impressive 135% Rally appeared first on BeInCrypto.

Solana [SOL] recently reached a new milestone as it became the second blockchain to have two independent validator clients. According to an announcement on 13 January, Firedancer has become the ecosystem's new validator.

What is the Solana price prediction for 2023, and is play-to-earn (P2E) gaming company Metacade set to wow the market? Beyond those two companies, could the likes of ApeCoin (APE), Avalanche (AVAX), and Tron (TRX) be ready to explode in 2023? Read on for detailed analysis and predictions.

The 7-day average active addresses on the Solana ($SOL) ecosystem has surged from 378.2 million at the end of last year to 490.5 million as of January 7 representing an increase of 29.7% in so little time.

The Solana [SOL] network witnessed a significant increase in daily active users in recent weeks, according to data from Token Terminal. Despite the negative sentiment surrounding Solana over the past few months, the platform outperformed many other cryptocurrencies in terms of user engagement.

Solana (SOL) has been included in the top cryptocurrencies to watch out for this week of finance and crypto-focused site Investopedia. This no longer comes as a surprise considering that at one point during the last seven days, the digital asset, which was pulled all the way down to $9 towards the end of December, managed to increase its value by 46%.