Enthusiasm about the project boosted its token price (SOL) to an all-time high of $260, but that price has fallen to $38 now. Even though Solana’s (SOL) 24-hour trading volume stands at approximately $800 million, it would take a lot to convince investors not to leave it for the Degrain (DGRN) token. The issue is similar to Polkadot (DOT). Polkadot (DOT) also launched in 2020, aiming to facilitate cross-blockchain transfers. Its token, DOT, reached an all-time high price of $55 but has since been on the decline.
Source: The Guardian July 16, 2022 01:30 UTC