‘Ethereum Killer’ Solana surges hits all time high — net worth surges to $30 billion

Solana, also called the ‘Ethereum Killer’ hit an all time high of $124 at 5:30pm on August 31 Indian Standard Time (IST).

The cryptocurrency which only made its debut 18 months ago is now the seventh largest player in the crypto market.

Solana’s price has quadrupled over the last one month.

While other DeFi cryptocurrencies — like Cardano, Polkadot and Ethereum — have also surged, their rise has not been as massive as Solana’s.

Do you think the surge is here to stay or are Solana’s gains too fast, too soon and may die out as the NFT hype tempers in the future?