Solana looks to move back into top 10 as SOL gains 36% over past week

Solana (SOL) seeks to move back into the top 10 cryptocurrencies after temporarily flipping Polygon market cap on Jan. 14.

Sentiment surrounding SOL has swiftly shifted from bearish — in light of developers leaving Solana — to bullish as SOL price rose by more than 36% over the last seven days. The significant price recovery temporarily pumped Solana back into the top 10 — flipping Polygon.

Vitalik Buterin aided in bolstering SOL recovery momentum on Dec. 29, 2022, by posting a supportive statement on Twitter.

“Some smart people tell me there is an earnest smart developer community in Solana, and now that the awful opportunistic money people have been washed out, the chain has a bright future.”

At the time of the statement, SOL price was roughly $9.70 on Dec. 29, 2022. Following the pump over the next two weeks leading up to Jan. 14, SOL price more than doubled to $22.35 — as of press time.

Journalist at CryptoSlate

Josh has been writing for a decade and is passionate about mainstream crypto adoption, bringing positive financial change to the masses through crypto and decentralized finance as a whole.