As the cryptocurrency market experiences a resurgence, prominent players like Solana are making a powerful comeback.

Solana has demonstrated remarkable growth over the past few months, with its value surging sixfold since the lows of December 2022. Additionally, the number of active addresses on its network has doubled, and its Total Value Locked (TVL) has also doubled recently.

These statistics are enticing for cryptocurrency traders, but many of them prefer to evaluate Solana's forecasts before diving in. Currently, SOL is trading at $63.59, reflecting an impressive 53% growth in just the past month.

Solana's journey to this growth has been gradual. Initially positioned as a DeFi hub, the network has expanded its offerings to include infrastructure and tools to attract new consumer applications.

Throughout the year, consumer applications served as the main entry point for new users on Solana. The recent resurgence, experts believe, can be credited to airdrop announcements and overall market sentiment.

Like other networks, Solana leverages airdrops to onboard new users. It is projected to achieve a 30-80% increase in user base through activities such as new token launches. Airdrop announcements from platforms like Jupiter Exchange and Python Network have further bolstered Solana's user acquisition efforts.

Unlike typical airdrop farming behavior seen on decentralized exchanges (DEXs), Solana's new users exhibit different spending patterns. They engage in larger transactions per transaction compared to existing addresses and actively trade small to mid-capital tokens, indicating a committed and sustained user base.

In light of its impressive track record, Solana is gaining popularity among cryptocurrency traders, cementing its status as a standout token in the industry.