The price of Solana 's native token, SOL, has surged in the last 24 hours, hitting a daily high of $95.91 on Monday morning.
Despite backtracking to $94.35 at the time of writing, SOL is still one of the top gainers of the day, up 5.4% over the last 24 hours.
With a market cap of $30.14 billion, SOL is currently the eighth-largest crypto asset, according to CoinGecko. Solana’s closest competitor is Cardano with a market cap of $30.95 billion.
The latest price action may have been spurred on by moves from the Solana Foundation, a Swiss-based non-profit organization behind the network's development, to arrange a series of in-person events across the globe aimed at supporting the developer ecosystem.
Called "The Hacker House," the world tour of physical events will be happening in the coming weeks in cities including Moscow, Prague, Berlin, and New York, as well as Brazil's Florianópolis and Nassau, the capital of the Bahamas.
The crew is adding several new stops to the World Tour, including…
— Solana Hacker House | Moscow Feb. 22nd-26th (@hackerhouses) February 18, 2022
Often dubbed "the Ethereum killer," Solana is an advanced blockchain platform specifically designed to support massively scaling decentralized applications (dApps).
Despite some recent controversies, including the network's "partial outages" and the community's monetary disputes, Solana is enjoying growing popularity in the world of non-fungible tokens (NFTs) and decentralized finance (DeFi), with as much as $7.6 billion in total value in Solana-based projects.
Terra, Ethereum post gains
Among the ten largest cryptocurrencies, Terra (LUNA) climbed 5.9% over the last 24 hours to $51.85, while Ethereum is up 3.4% over the day, currently changing hands at $2,725, per CoinGecko.
eToro has launched the roadshow for its U.S. IPO, with the Israel-based trading platform targeting a valuation as high as $4 billion.
The company also touted its legitimacy in the crypto industry.
"From its earliest days, eToro has been a pioneer in the crypto space," eToro CEO Yoni Assia wrote in the filing. "This has in part been driven by my own early adoption of and personal belief in bitcoin and the transformative potential of blockchain technology."
An updated F-1 registration form clarifi...
A Solana token pumped 2,115% in three hours to a market cap of $104.93 million amid speculation that the founder of crypto AI agent Zerebro died by suicide, due to a published obituary, and had promoted a token from beyond the grave.
But, the obituary was later removed due to a lack of information provided to local media. The local coroner's office told Decrypt that nobody with the founder's surname had recently passed in the area.
On Sunday, users on X reported watching a now-deleted video of J...
Bitcoin isn't the only cryptocurrency likely to surge. BNB is on track for a 360% rise, according to Standard Chartered.
The utility token, which runs on its own blockchain, has been trading in line with Bitcoin and Ethereum, according to the bank's Global Head of Digital Assets Research, Geoffrey Kendrick.
And this is likely to continue, despite the asset having little utility, Kendrick added in a Tuesday note.
"BNB has traded almost exactly in line with an unweighted basket of Bitcoin and...