June 30 (Cointime) - Solana's price has surged by 18% in the last 24 hours, almost reaching $20, making it one of the best-performing tokens on Friday. This increase is due to the popularity of liquid staking platforms like Drift Protocol, which allow investors to leverage their staked tokens by accessing liquidity through a proxy token. Drift Protocol's new feature, "Super Staking," has been rapidly adopted by digital asset traders, leading to a record-breaking surge in their daily active users. As long as Solana's price holds above the 50-day Exponential Moving Average, traders may look forward to it weakening resistance at the 100-day EMA and closing the gap to the next critical hurdle at $27.
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