Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

Solana [SOL] saw a significant hike in its price in the last week of trading and as it continues on its bullish momentum.

Needless to say, the coin has captured the imagination and interest of investors and traders alike, with some predicting it to trade well over the $150 mark soon.

Once notorious for its outages, Solana claimed in July to have not suffered any outages since February.

Solana’s developer Jacob Creech recently announced a $400,000 bounty for anyone who could turn Solana off.

Solana’s flagship meme coin, BONK, is also gaining the attention of enthusiasts who are keen to boost its adoption.

BONK recently announced a “PooperScooper” function that helps users organize their assets more efficiently in their wallets.

Solana 101

Even as SOL is touted to be the “Ethereum [ETH] killer,” Solana Labs co-founder Anatoly Yakovenko seems to agree with the idea of using Ethereum as a layer-2 for the Solana blockchain.

Even Ethereum founder Vitalik Buterin is an admirer of the Solana protocol. When the SEC sued Binance [BNB] and Coinbase [COIN] in early June, it labeled several altcoins, including SOL, as securities.

Buterin rued how the regulator had 
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Author: AMBCrypto Team

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