Solana Shoves Polygon Out After Another Strong Week

Solana (SOL) has been the most performing digital asset in the top 15 this year by market capitalization and no one saw it coming following a poor run and a disastrous end of 2022.

Timeline of Polygon, Solana

Solana (SOL) recovered from the slight pullback yesterday, even when the general crypto market cap dropped today. SOL which has been on an uptrend in the past week saw a 28.44% increase during this time.

Any Polygon-based NFT group will have access to the new self-service tool, enabling them to construct their own individualized markets and engage with their communities at no cost.

As a follow-up to its hardfork recent success, Polygon [MATIC] followed through by announcing a new partnership with BitGo. BitGo is a platform for providing core infrastructure and regulatory custody for crypto projects.

Popular NFT marketplace and protocol Rarible launched its NFT marketplace builder for Polygon-based NFT collections on January 18. Any Polygon-based NFT collection will be able to use the new self-serve tool to build their own customized marketplaces for free to connect with their communities.

Alethea AI and Polygon Labs are jumping on the AI hype with the launch of an AI-powered NFT project that allows users to create NFT avatars through text-based prompts similar to OpenAi's Dall-E image generator.

Solana price analysis for January 20, 2023, reveals the market following a partial bullish movement; moreover, Solana has obtained massive positive momentum, signifying a decline for the SOL market. The price of Solana has remained negative over the past few hours.

The solana price is down by 1% today, having dropped to $21.03 in the past 24 hours. Its current level represents a 26% increase in a week and a 71% surge in the last 30 days, with the layer-one cryptocurrency compensating for some of the steep losses it incurred last year.

BitGo has announced the rollout of its polygon wallet and custody services for native MATIC token holders. BitGo users will now be able to securely stake their ERC-20 MATIC tokens on the platform and earn rewards.

Solana tokens with its exhilarating flight in the past is under the active consideration of investors and traders. Howbeit, the steady downswing has been heart-wrenching for not one but many. Blockchains are the backbone of cryptocurrencies. Thus, if you want to develop your currency, you must improve your Blockchain technology.

As the cryptocurrency market struggles to sustain its bullish momentum that started at the turn of the year, Solana (SOL) is no exception, and crypto traders and investors are looking at indicators to try and predict its price for the future period.