Solana Sees Surge in Network Activity, But Will SOL Price Climb?

Despite the Fear & Greed Index currently hovering at 30, Solana’s network has witnessed significant growth. Investors are actively sending nearly $120 million from rival blockchains to Solana in a sign of strong confidence. This influx has fueled an impressive 16.30% price surge for SOL over the past week. While reaching a recent high above $294, Solana’s price is now sparking speculation regarding a potential further rally towards $190.