Surge in Solana: Dominates Ethereum in NFT Market and Sees Strong Price Rally

By: Isha Das

In a historic first, Solana topped Ethereum in monthly NFT sales volume, demonstrating increased momentum and interest in the network. This comes on the back of a robust price rally for Solana, which has surged over 10% with analysts predicting a possible upside break above the $125 resistance zone.

Apart from market activities, Solana users have more to celebrate as they are eligible to participate in the recent airdrop by Dymension. More than a million crypto users and NFT owners across multiple chains, including Ethereum and Cosmos, can now claim DYM tokens.

After a brief downward correction, Solana managed to find support at the $93.50 level and started a fresh rally, with its price now trading above $105. The momentum appears to be on Solana's side, with the currency outperforming both Bitcoin and Ethereum. Solana's potential for further growth will be tested at the resistance zones of $118 and $125.

In the event of a failure to rally past the resistance, Solana may face a downside correction with the support levels projected at $108 and $100.