Solana (SOL) has painted its short-term price gauges in green after it responded positively to a recent development that involved its blockchain network and Google Cloud.
After the cloud service provider announced it will now serve as validator for the Solana network, SOL initiated a rally that pumped its price by 15%, enabling it to briefly reach the $40 marker.
At press time, however, tracking from Coingecko reveals the asset wasn’t able to hold on to its gains as it is currently changing hands at $35.76.
Despite losing almost $5 in its spot trading price, the altcoin is still up by almost 9% over the last seven days and has also gone up by 28% for the past two weeks.
On a month-to-date basis, the 10th largest cryptocurrency in terms of market capitalization has grown by 7.2% although it is still several miles away from its all-time high (ATH) of $259.96 which it attained on this very day last…
