📌Why has SOL gone up in recent days?

The price of the Solana token (SOL) has had a continuous rise since September 28, after having reached the minimum value of $18.72 until reaching the current $23.59, where the token has benefited from several factors.

We will start with the context of the "lowest price" that SOL has had in September, after perhaps one of the most "bearish" news these months due to a "bankrupt exchange" deciding to sell its holdings of SOL. This made many investors take a dim view of this decision, because they knew that a fall was coming.

After seeing the situation, the bankruptcy court at that time decided that the best way to sell these assets was through weekly sales through an investment advisor, so that it would not have much impact on the price, a fact that if was reflected in the price, given that it did not have a sharp drop as expected.

Another reason that explains the rise was greater activity on the network, which could be observed in different areas such as NFTs, DeFi, games and socialFi. Precisely the latter had a good performance because in each network a trend of buy shares of influencers from the "X" network.

Finally, all this also coincided with an update of the Solana network, offering greater efficiency, privacy and security, marking a strong advantage in its development.

What is the next step for the Solana network? Only time will tell, as more developers get involved in the blockchain network and it becomes one of the most used chains. The payment giant Visa has already given approval to the network, so I do not rule out that more companies decide to target Solana for its speed and low cost, as long as it does not suffer interruptions like before.
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