3 reasons why Solana (SOL) price rallied above $140

Solana’s native token, SOL (SOL), gained 8.5% on March 24, reclaiming the $142 mark for the first time in two weeks. This rally mirrored the gains seen across the broader cryptocurrency market as traders began to expect reduced risks of an economic downturn. The growing risk appetite can also be seen among memecoins, several of which rallied by 12% or more since March 23.

Outside of the broad market rally, SOL has its own merits, including a rise in network activity and the direct involvement…