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RECAP: SOL SOARS
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RECAP: SOL SOARS

Solana Surge: Secret Behind its Unstoppable Rise

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InvestAnswers
Nov 03, 2023
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NUGGETS OF ALPHA

  • SOL has surged nearly 500% from its 2022 lows of $8

  • In 2023, only two names in crypto receiving inflows consistently: BTC & SOL

  • Solana Labs launches GameShift beta to simplify blockchain game development

  • Solana is a highly efficient blockchain with one transaction using about .004 of an ETH transaction

  • Solana now makes up 1.45% of the total crypto market cap

  • Is Firedancer revolutionary? Could it consumer all other chains?


Today's feature is a departure from our normal weekly programming, as the IA Community has asked for an update on Solana. We’ll explore why SOL is soaring and why SOL and the quantitative data behind it has been my choice for nearly three years. In addition, I will cover my future price projections and where it could go over time.


Fear, uncertainty, doubt, and insults should not sway your investment decisions. Always remain data-driven, as this is the only way for your decision-making to become clear so you can move forward with conviction.


Solana has seen a substantial performance boost and the SOL token reached a recent high of approximately $38.30, marking an 81% rise from its October low of around $21.15. Over the past year, the digital asset's value has surged nearly 300% from its 2023 low of about $9.65 last December.


I have been talking about following the money ever since starting the InvestAnswers channel. Now, everyone is beginning to talk about it and showing similar data sets, which is awesome.


Bitcoin saw 90% of the inflows at $296M, with the improving optimism also prompting significant inflows of

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