Solana’s price increased by 5.4% to $165.94, driven by network performance enhancements and positive sentiment in the broader cryptocurrency market. The surge follows Bitcoin’s significant milestone of reaching $100,000, which has contributed to a general optimism among investors. Additionally, signals from the Federal Reserve indicating a potential rate cut have further encouraged risk assets, including cryptocurrencies. The Firedancer upgrade is expected to improve Solana’s network capabilities, attracting more users and investors. As the crypto market reacts to these developments, Solana’s performance reflects a growing confidence in the sector.
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