The price of SOL, the native cryptocurrency of the Solana blockchain, is known for its volatility and is influenced by various factors. These include overall market sentiment towards cryptocurrencies, adoption and usage of the Solana network for decentralized applications (dApps) and NFTs, network performance and upgrades, and competition from other blockchain platforms. SOL's price has experienced significant fluctuations since its inception, reaching highs during periods of increased demand and declining during market downturns. Investors and users should carefully consider these factors and conduct thorough research before investing in or using SOL.
