SOL price nears $200 after FTX’s Solana-enabled NFT marketplace goes live

Cointelegraph

Published Sep 07, 2021 07:00AM ET

Updated Sep 08, 2021 09:20AM ET

Solana (SOL) bulls have largely ignored its overvaluation risks as the blockchain asset goes after another milestone price level.

The SOL/USD exchange rate almost reached $200 on Tuesday as investors continued to treat Solana as a long-term competitor to Ethereum, the world’s leading smart contracts platform.

Ethereum gas fees (in Gwei) in the last three months. Source: YCharts
SOL/USD daily price chart. Source: TradingView

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