Cryptocurrency is increasingly becoming more popular in the investment market due to its ability to yield more returns than traditional investments. The Solar Network's native token, SXP, is no different and has made such remarkable profits in just a week. The value of SXP has skyrocketed by 203%, firmly positioning the token among the top 100 cryptocurrencies by market capitalization as of today.

This impressive rally has largely been attributed to the Solar team's launch of the new block explorer called Solarscan. With its WebSocket API layer and lightning-fast SQLite3 database, the new explorer gives an early preview of what Solar Core 5.0 will offer when it is released later this year. Solarscan is not affiliated or endorsed by the Solar Blockchain Foundation, but the team has nevertheless received much praise for its innovative product.

The success of SXP can certainly be seen in the minds of Korean investors who have slowly taken a liking to the token. Trading volumes on Upbit, one of South Korea's leading exchanges, have been tremendous, currently recording a staggering 1.3 billion tokens traded in the course of one week. Additionally, the SXP token value in the South Korean market has risen from KRW 358 to KRW 1,000 in a very short time frame.

Solar Network's SXP token has certainly been making headlines in the cryptocurrency world, and it remains to be seen whether it will surge even higher in the coming weeks and cement its position as a major player in the digital asset world. Regardless, the success of SXP proves that cryptocurrency investments still have the potential to yield outrageous profits in a short period of time, if done strategically.



Other News from Today