The native token of the blockchain protocol Solana, SOL crossed the $250 milestone, reaching a new all-time high on November 4.
Related: Staked ADA on Cardano Reaches New All-time High
SOL is among the best performing altcoins, with over a 1500% rise this year. The coin surpassed Cardano (ADA) and Tether stablecoin (USDT) by market cap and now ranks 4th with more than $73.5 billion.
Both Ethereum alternatives continue to grow in popularity, setting new records. As a result, the competition between Solana and Cardano becomes stronger. Recently, comparison platform Finder posted results of a survey, where fintech specialists predicted the price of SOL.
According to average predictions, the price will increase over the coming decade, going up to $1178 in 2025.
Most experts mentioned that the surge may happen due to the protocol's technological architecture.The number of projects built on top of Solana increases. According to the NFT sector data aggregator CryptoSlam, secondary sales volume for NFTs based on Solana reached around $500 M since August.