Solana flipped Polygon on January 15 to be the 10th largest crypto asset by market cap, following a seven-day rally that saw it rise by over 70%, according to CoinMarketCap data.
Following FTX’s collapse in November, SOL’s price performance was negatively impacted because of its relationship with Sam Bankman-Fried. However, positive sentiments appeared to have returned to the digital asset, as it has gained roughly 135% since the start of this year -making it one of the best-performing cryptocurrencies in 2023.
SOL Re-Enters Top 10 Assets
At the peak of the FUD, Solana traded for as low as $9, and two of its top NFT projects ditched it for other blockchain networks.