Solana Price Surges Above $120 as Alpenglow Upgrade Looms

Solana's price has broken above $120 for the first time since January, and it's not just a minor milestone. The token has gained about 8% over the past week, extending its recovery from $75 in early August.

This slight consolidation among top coins like XRP, BTC, and ETH is also worth noting. However, Solana's price remains slightly lower this year and about 58% beneath its January 2025 peak near $294.

The real excitement lies with the upcoming Alpenglow upgrade, which aims to reduce transaction finality from around 12.8 seconds to roughly 150 milliseconds. This could lead to faster crediting of deposits for exchanges and quicker confirmation of purchases for payment applications.