Pic Courtesy: SolanaIs Solana poised to hit $200 by the end of 2021?Solana has been climbing the charts and hit a new all-time high above $140 today. It has been the biggest mover on the cryptocurrency market and stands at $143.01 at the time of this writing, becoming the seventh-most valued cryptocurrency.With a market cap of $41,009,922,443, Solana has gained by 19.85% in the past 24 hours, according to CoinMarketCap. So, let\u2019s try to understand what\u2019s driving the rise of SOL, the native token of the Solana blockchain.Solana is a highly functional open source project that banks on blockchain technology\u2019s permissionless nature to provide DeFi solutions. Work on the project began in 2017, but Solana was officially launched by the Solana Foundation in March 2020.One of the essential innovations of Solana is the proof-of-history (PoH) consensus, which allows for greater scalability of the protocol and, in turn, boosts usability.Solana has managed to attract a lot of interest from institutional investors as the blockchain offers incredibly short processing times. The protocol has the capability to serve both small-time users and enterprise clients.Solana\u2019s surge last week can be attributed to the mysterious update \u2018Ignition\u2019 on their official media handles on August 27. The team provided little details but got the community conspiring that it could be a token burn, as the ignition teaser has a purple flamed lighter.The \u2018Ignition\u2019 teaser came with a caption that read, \u201cThe sky\u2019s the limit. What will you launch?\u201d with the dates August 31\u2013October 8 mentioned below. This led to speculations that it could be an event for decentralized application developers or NFTs creators.Also Read: Staking vs Yield Farming: What\u2019s earn passive income from cryptocurrencies?After a weekend of speculation and anticipation, Solana revealed that Ignition is a global hackathon aimed at catalyzing new platforms on the ecosystem.From\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Pic Courtesy: SolanaIs Solana poised to hit $200 by the end of 2021?Solana has been climbing the charts and hit a new all-time high above $140 [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/5257"}],"collection":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/comments?post=5257"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/5257\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/media?parent=5257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/categories?post=5257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/tags?post=5257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}