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Solana price performance YTD eclipses BTC, ETH; emerges as the largest decentralized PoS network
Solana price has managed to surprise investors with a stellar performance in the past nine months. The altcoin has not only surpassed every other major cryptocurrency in the world but also noted exceptional growth as a blockchain. This has resulted in Solana beating out Ethereum to become the most decentralized network.
Solana price takes the lead
Solana price has emerged as the best-performing cryptocurrency among the top 20 by market capitalization since the beginning of the year. Trading at a price of $23 at the time of writing, the altcoin has observed an increase of 141% from $10, the opening price on January 1, 2023.
To put this into perspective, Bitcoin, Ethereum, Ripple (XRP), Cardano and every other major cryptocurrency has fared below par. Of these assets, the most growth was noted by BTC, which is only 65% year-to-date.
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