$SOL

Solana (SOL) has experienced a remarkable price surge, increasing 7% to $140. The hike in price has been backed by an 85% jump in trading volume to $2.56 billion. Analysts see a potential Solana price rise of as much as 150%, targeting $420 in the next few months. The uptrend is driven by different factors. This includes increasing network usage, and preference for Layer 1 (L1) solutions compared to Layer 2 (L2), according to Solana co-founder Anatoly Yakovenko.