Solana (SOL) Market Cap Topples XRP – What’s Behind the Price Surge?

GROUND price roars has A 2023 high above $84. Cointelegraph investigation What East behind THE rally.

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Solana's native token, GROUND (GROUND), saw A 13.8% increase on Dec. 20, surpassing $82 For THE First of all time Since Can 2022. This 33.5% rally on THE pass two weeks directed GROUND has exceed XRP (XRP) In terms of walk capitalization For THE First of all time, manufacturing he THE the fourth largest cryptocurrency, excluding stable coins.

East Ethereum THE following competitor For Solana's growth request?

Notably, a few analysts are NOW examination if Ethereum Ether (ETH) can sustain It is direction, considering that THE Solana network offers cheaper, faster transactions.

Will probably be burned has THE bet For this

There is No deny THE momentum Solana has And how important @solanamobile East In that going move forward

THE UX of shit on Solana East path better that main network Or any of them L2 rn. New users -> Solana

Pressure East on Ethereum ecosystem

— Evanss6 (@Evan_ss6) December 15, 2023

Trader Evanss6 job on X (Previously Twitter) explain that Solana's accent on mobile accessibility East precisely What crypto projects need has attract new users that TO DO not care "if THE chain East adequately decentralized Or if It is base active East A non-sovereign money competitor." In essence, Solana's user experience exceeds THE competition, particularly For token And non-fungible token (NFT) launches, if THE project requests high treatment ability Or simply benefits Since weak transaction fresh.

Several factors contribute has This price earn, Since increase network activity has THE instant success of Solana's SPL token spear. However, A more to understand...