The price of Solana (SOL) surpassed $22 this week, experiencing an increase of more than 20%.
According to data from the CoinMarketCap platform, Solana (SOL) is listed on the market with a current price of $21,14 per unit. However, this week, the market's ninth-largest cryptocurrency by capitalization reached $22,4 per token, driven primarily by recent partnerships announced by its developer team.
With the weekly increase reflected in its price, SOL's market capitalization gained more than $750 million in the last 7 days. Likewise, the volume of trade with this cryptocurrency is currently around $409 million dollars a day.
Source: CoinMarketCap
Although the native cryptocurrency of the Solana network has been excluded from several US exchange platforms, due to accusations made by the Securities and Exchange Commission (SEC), which alleges that SOL is a security, investor interest in this cryptocurrency is returning. .
SOL was once quoted at over $250 per unit.
What drives up the price of SOL?
The recent partnerships announced by the Solana network are positively influencing the project community and the price of the cryptocurrency in the market.
The developers of Solana reported last week about a partnership with the NFT platform SolSea and the beverage and food manufacturer Coca-Cola, to launch a collection of NFTs during a music event to be held in Serbia. According to CoinMarketCap, the distribution of a hundred limited edition sweatshirts, which will be accompanied by the NFTs of the crypto collection, are part of the agreement signed between the network and the aforementioned companies.
A new tool for the NFT market
On the other hand, Solana developers also announced a new artificial intelligence tool designed for NFT collectors and investors.
Solana's new tool wants to facilitate the entry of new investors into the non-fungible token market, showing everything from the genuine qualities of each crypto collection to the communities that surround them and which ones are the most popular. Tal Tchwella, head of products at Solana Labs, said that this new AI tool will allow users to identify and purchase NFTs based on their tastes and needs.
Anatoly Yakovenko, founder and CEO of Solana, had said this year that Artificial Intelligence would make the Solana network “more usable and understandable.”
Blockchain developers launched a Plugin which facilitates the integration of ChatGPT into the Solana network, allowing its users to access the chatbot launched by OpenAI.
Furthermore, one of the network's co-founders, Raj Gokal, said Solana had the potential to become the Apple of the blockchain industry, because his team was working with relentless focus to build the next generation of the Internet, Web3. .
Continue reading: Will Solana become the Apple of cryptocurrencies?
