The price of the Solana token has surged by nearly 18% to $65.65 amid a rally in altcoins and positive remarks from Cathie Wood, CEO of Ark Invest. Wood praised Solana's performance and stated that it is faster and more cost-effective than Ethereum, despite experiencing higher downtime. Solana has nearly tripled in price over the past month and has become one of the most traded altcoins on US exchanges. It is currently the sixth largest crypto token by market cap.

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