Why This AI Meme Coin Project Surged 11% This Week

Layer 1 blockchain network Solana (CRYPTO: SOL) is many things to many different investors. But over the past week, Solana's token price has absolutely rocketed higher, surging 11.2% since Friday close as I write this.This move led Solana to become the best-performing asset among the top 20 crypto projects this past week, and also resulted in Solana reaching a record high versus competing layer 1 proof-of-stake ecosystem Ethereum (CRYPTO: ETH) this week. There are a number of factors which drove this rally, but it's clear that most investor attention has been paid to the AI meme coin rally we're seeing play out in the crypto sector. Let's dive into what to make of this rally, and whether it could be sustainable moving forward.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool