As part of the market’s resurrection of alternative coins, Solana (SOL) is now on a bullish run. At the time of writing, the currency has increased in value by 7.2% over the previous 24 hours to $24.79 and by 16% over the previous week.
Although Solana’s increase is not particularly remarkable, its consistent gain over the previous week has revealed a penchant for a probable more focused run overall. Solana is ready for more aggressive growth, at least in the short term, based on its social sentiment and its trading volume, which is up by 58% at the time of writing.
Solana-XRP comparison
The development pattern of Solana resembles that of its rivals, including XRP. Solana rose by 7% last night, while XRP has only seen gain of 3.95 percent, with a weekly decline of 7.31 percent to match.
Solana has a more optimistic short-term growth prognosis than XRP does, but XRP has set such a high bar in the last month that it is already one of the most lucrative cryptocurrencies available right now.
Investors still generally use the favourable XRP verdict as a benchmark to stack the coin because it helped drive the price of the cryptocurrency to such a high pedestal. In comparison to Solana, which had growth of 15% over the previous month, XRP has maintained a growth rate of 37%.
Overall, XRP is growing in price faster than Solana, indicating that Solana has a greater upside potential for growth.
Potential Solana growth trigger
When taken in isolation, Solana is on course to test its monthly high of $29, and the main drivers behind this are its expanding non-fungible token (NFT) and decentralised finance (DeFi) ecosystems, both of which are indicators of active development activity.
